WW1 Bosses Buy Shares
October 7, 2008 at 7:19 AM (PT)
Three of WESTWOOD ONE's top executives have bought an aggregate 1.875 million shares in the embattled company, according to SEC filings.
President and CEO TOM BEUSSE bought 375,000 shares at 40 cents on THURSDAY (10/2), with COO STEVEN KALIN buying 250,000 and CFO ROD SHERWOOD buying 1 million on THURSDAY and an additional 250,000 on FRIDAY.
The company is operating under threat of delisting by the NEW YORK STOCK EXCHANGE with its stock trading well below the $1 mark.