Net News search results for: the gores group
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April 4, 2011
Gores Group Makes Offer For CKX Inc.
Billionaire ALEC GORES has made an unsolicited offer for "American Idol" owner CKX INC., reports THE NEW YORK POST. "The offer came in a letter from GORES GROUP, on MARCH 23rd, and was at a premium to its trading price of around $4.19 at … more »
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January 27, 2011
Report: Alec Gores Interested In Buying Dodgers, But Brother Has Eyes For Detroit Pistons
At least one of the GORES brothers is reportedly interested in buying the LOS ANGELES DODGERS in the event that FRANK and JAMIE MCCOURT, who have divorced, end up selling the team, but the other brother is not as keen to buy the franchise. BLOOMBERG NEWS … more »
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August 30, 2010
Norman Pattiz Retires From Westwood One Board, Mark Stone Becomes Chairman
WESTWOOD ONE Founder NORMAN J. PATTIZ, is retiring from the Board as Chairman Emeritus, and has signed a new contract as a Consultant to the Company. He will be succeeded as Chairman by GORES GROUP Sr. Managing Dir. MARK STONE. In his consulting role, … more »
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August 20, 2010
Gores Puts $20 Million More Into Westwood One
THE GORES GROUP is injecting $15 million of equity and $5 million in a guarantee of an increased revolving credit facility into WESTWOOD ONE. $10 million of the capital will be provided by SEPTEMBER 7th, with the rest coming no later than FEBRUARY 28, … more »
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April 12, 2010
Might Miramax Get A Radio Connection?
WALT DISNEY CO. has received several bids for MIRAMAX FILMS, reports THE LOS ANGELES TIMES, citing "people close to the situation who did not want to be identified because the offers were confidential." One of the reported bidders has a radio … more »
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December 10, 2009
Westwood One Sells, Leases Back Culver City Buildings
WESTWOOD ONE has notified the SEC that it is selling its three buildings in CULVER CITY, CA and leasing the offices back. The buildings at 8944, 8965, and 8935 Lindblade Street are being sold to NLC-LINDBLADE, LLC, along with WESTWOOD ONE's parking … more »
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June 24, 2009
Westwood One Removes Doubt About 'Going Concern'
WESTWOOD ONE 's annual shareholder meeting is set for FRIDAY (6/26), and the voters will pass judgement on the company's proposed 200-to-1 reverse stock split and an increase in the authorized shares of common stock. In a form 8-K filed this week with … more »
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June 16, 2009
Norm Pattiz To Continue As Chairman At Westwood One
WESTWOOD ONE announced TODAY (6/16) that NORM PATTIZ will continue as Chairman of the Board of Directors for two more years. "As the founder of WESTWOOD ONE, I am delighted to be staying on as Chairman of the Board to work with ROD SHERWOOD and the … more »
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April 23, 2009
Westwood One Completes Refinancing
WESTWOOD ONE has completed the refinancing of its outstanding long-term indebtedness and the recapitalization of its equity. As part of the recapitalization, WESTWOOD ONE’s then-existing lenders refinanced and exchanged all of their outstanding … more »
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April 14, 2009
Today's Westwood One Conference Call
ALL ACCESS sources indicate that TODAY's WESTWOOD ONE company-wide conference call lead by CEO ROD SHERWOOD will not be a panic or bad news call, but more of a reality call that will be used to answer some additional questions from the staff that may … more »