CBC/AAHS CLOSES ON NEW YORK, DETROIT STATION PURCHASES.MINNEAPOLIS--(BUSINESS WIRE)--June 12, 1996-- Children's Broadcasting Corporation (CBC (1) (Cell Broadcast Center) See cell broadcast. (2) (Cipher Block Chaining) In cryptography, a mode of operation that combines the ciphertext of one block with the plaintext of the next block. , Nasdaq National Market: AAHS AAHS American Aviation Historical Society AAHS Aromatic Acid: H+ Symporter AAHS American Association for Hand Surgery AAHS Athens Area High School (Pennsylvania) AAHS Ambridge Area High School (Pennsylvania) ) today announced they have closed on the purchase of WJDM-AM 1660, licensed to Elizabeth, NJ and serving the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. market, and WCAR-AM 1310, licensed to Livonia, MI, and serving the Detroit market. The $11,580,000, purchase price for WJDM-AM is comprised of $7.58 million in cash, $2.5 million in CBC stock and $1.5 million for a 10-year consulting contract. Detroit terms were $1.5 million in cash. "We are pleased to have closed on the purchase of these stations. This reflects major progress in our acquisition plan to secure radio properties in the top ten United States radio markets This is a list of radio station markets (also called areas of dominant influence or ADI) in the United States, as ranked by Arbitron (as of Spring 2007). This list shows the rank, type, area name, and area population. . We now own stations in five of the top ten markets, including New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Los Angeles." said Christopher T. Dahl, CBC's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The momentum we now have with our distribution is truly remarkable. Our 24-hour, real-time Internet distribution of Radio AAHS(R) through NetRadio Network(TM), announced just last week, enhances our national and global distribution system and it is a truly significant complement to the network we are building," he added. Children's Broadcasting Corporation's Radio AAHS(R) is an award-winning radio programming mix of music, news, stories and games, produced and distributed for children age 12 and under and their parents. The Company's Radio AAHS(R) format, which broadcasts via satellite from its flagship station WWTC-AM in Minneapolis is available to approximately 35 percent of the country. Radio AAHS(R) has an affiliated network of 28 stations, including company owned or operated stations in New York, Los Angeles, Dallas, Detroit, Minneapolis, Kansas City and Denver. It is the only live, 24-hour radio network for children and their families in the United States providing programming that includes shows from Disneyland, Walt Disney World Noun 1. Walt Disney World - a large amusement park established in 1971 to the southwest of Orlando Orlando - a city in central Florida; site of Walt Disney World and "What's Up? with Evan Roberts" from Long Island, NY. To date, CBC has developed strategic relationships with Disney, ABC Radio Networks and Time Warner, Inc. The Radio AAHS(R) website can be found at http://www.radio-aahs.com and as of July 15, with full audio via NetRadio at http://www.netradio.net. CONTACT: Joy Plaschko, CBC, 612/330-9524 |
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