CHILDREN'S BROADCASTING SECURES $15 MILLION FINANCING COMMITMENT.MINNEAPOLIS--(BUSINESS WIRE)--Nov. 8, 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 NM: 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) ) announced today that it has signed a commitment letter for a $15 million loan from Foothill Capital Corporation, (a Norwest Company), Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . The loan will be secured by the assets of the company. The loan will provide CBC with working capital and cash for the acquisition of more radio stations to grow the Radio AAHS History Radio AAHS (sometimes misspelled as "Radio Oz") was a radio network managed by the Children's Broadcasting Corporation. Its flagship station was WWTC-AM in Minneapolis. At its height in 1996, Radio AAHS had 29 affilliates across the nation. (R) distribution system. As working capital, the money will enhance the marketing and sales efforts that CBC has recently re-established in-house. Closing on the financing transaction is expected to occur in November 1996, but is subject to customary closing conditions. 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 is broadcast via satellite from its flagship station In broadcasting, a flagship station is the station which originates a broadcast network, or a particular radio show or TV show, primarily in the United States and Canada. This includes both direct network feeds and syndication, but generally not backhauls. WWTC-AM in Minneapolis is available to approximately 40 percent of the country. Radio AAHS(R) has an affiliated network of stations across the country, including company owned or operated stations that serve the markets of: 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 , Los Angeles, Philadelphia, Detroit, Dallas, Minneapolis, Kansas City, and Denver, with a pending acquisitions in Chicago. It is the only live, 24-hour radio network for children and their families in the United States providing programming that includes live shows from Universal Studios Hollywood, Universal Studios Orlando and "What's Up? with Evan Roberts," from Long Island, NY. CBC's Radio AAHS(R) is a multi-media product that includes the Radio AAHS(R) website, now accessible at http://www.netradioaahs.net and the Radio AAHS(R) interactive phone system number is 1-800-522-2470. CONTACT: Joy Plaschko, Media Relations Manager, CBC, 612/330-9524 |
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