W’wood One deal

Westwood One Inc. shareholders approved the previously announced deal in which Infinity Broadcasting Corp. will manage the business and operations of Westwood One.

Shareholders also approved the company’s acquisition of Unistar Radio Networks Inc. for about $ 101.3 million and the sale of 5 million newly issued shares to Infinity Broadcasting Corp. The deal should close next month.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety