Debut Broadcasting Completes Financing Deal
September 29, 2009 at 4:44 AM (PT)
DEBUT BROADCASTING CORPORATION has completed a $1.5 million financing agreement with RIVER FALLS FINANCIAL SERVICES, LLC as part of an overall restructuring of the company.
"The acute decline in macro-economic conditions late last year has created a lot of opportunity. With RIVER FALLS as a financing partner, the company has positioned itself to emerge stronger into the economic recovery," said DEBUT CEO STEVEN LUDWIG.
"This is a company with a clear vision and talented management team. Combined with our financial and management expertise, it now has the potential to re-capture its momentum for growth and profitability," added RIVER FALLS' RON HEINEMAN. "I look forward to serving on the board of directors."
DEBUT's radio syndication arm, IMPACT RADIO NETWORKS, picked up rights to "YOUR WEEKEND WITH JIM BRICKMAN" this SUMMER and launched an outsourced content service for radio stations, and is consulting three stations in LITTLE ROCK for CRAIN MEDIA GROUP.