Nashville-based Debut Broadcasting did a reverse merger, got that low-cost public shell, gained control of a brace of radio stations in Mississippi and then lined-up 16 more acquisitions -- before the credit crunch hit the world. CEO Steve Ludwig is squeezing cash from operations, automating like the Big Guys, pumping-up his sales force and borrowing against accounts, while his OTC stock is languishing. Read about Ludwig's efforts to create a Nashville media-entertainment company that's 'more than just radio'. The full story's here.
Tuesday, June 03, 2008
Debut Broadcasting's radio roll-ups await cash
Nashville-based Debut Broadcasting did a reverse merger, got that low-cost public shell, gained control of a brace of radio stations in Mississippi and then lined-up 16 more acquisitions -- before the credit crunch hit the world. CEO Steve Ludwig is squeezing cash from operations, automating like the Big Guys, pumping-up his sales force and borrowing against accounts, while his OTC stock is languishing. Read about Ludwig's efforts to create a Nashville media-entertainment company that's 'more than just radio'. The full story's here.
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