Verax Capital Invests In GoodRadio.TV
April 17, 2008 at 9:28 AM (PT)
VERAX CAPITAL PARTNERS has completed an investment in GOODRADIO.TV, LLC. VERAX has partnered with DEAN GOODMAN, WELLS FARGO FOOTHILL, AND PACIFIC MEDIA CAPITAL to complete the recapitalization of GOODRADIO.TV. GOODRADIO.TV was formed by DEAN GOODMAN in late 2006 in order to acquire "hyper-local" radio operations in small to medium markets.
"GOODRADIO.TV's management team has a proven, long-term track record of building successful businesses in the media industry. With the leadership of DEAN GOODMAN, CEO and GEORGE PELLETIER, COO, and through this recapitalization, GOODRADIO.TV is in a strong position to continue to grow both organically and through acquisition," said VERAX partner ERIC KOZA.