"The executives collectively urge the FCC to remove the antiquated regulatory barriers hindering radio's ability to compete in the modern market."
The first offer, according to Saga, was a "cash buyout in the range of $30-$33 per share for all outstanding shares of Saga common stock".
Connoisseur Media sees a familiar face returning to the company as Connecticut talk radio host Lisa Wexler is returning to her program at news/talk WICC-AM.
Connoisseur Media CEO Jeff Warshaw takes over as RAB Chair and here are the rest of the names joining him as the newly elected officers.
Furthermore, along with his radio station duties, Hedrick is also a daily news writer for Barrett News Media.
In May, Warshaw sought to buy the company for $1.5 billion but that attempt was rebuffed by the company’s board.
"I'm not the only person noticing what the satellite broadcaster is up to these days."
When the news of Warshaw’s consortium became public, some of us looking for a knight on a white horse wondered if this was what we had...
"Berner said Cumulus remains open to any other offers that may "drive superior shareholder value.""
Cumulus saw its stock price jump about 40% following the Reuters report.