Radio dealer.PGP (Pretty Good Privacy) A data encryption program from PGP Corporation, Palo Alto, CA (www.pgp.com). Published as freeware in 1991 and widely used around the world for encrypting e-mail messages and securing files, PGP is available for commercial use and as freeware for Capital Advisors, a boutique 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. investment banking firm that was formed last year, advised MultiCultural Radio Broadcasting Inc. 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 on the $150 million purchase earlier this month of 15 radio stations from Radio Unica Communications Corp. of Miami. The deal was part of a pre-packaged bankruptcy filing by Radio Unica. Multicultural Radio owns six stations in Los Angeles, including Korean-language KYPA-AM (1230) and three Pasadena-based stations in Cantonese and Mandarin, KAZN-AM (1300), KMRB-AM, (1430) and KMNY-AM (1600). The acquisition of Radio Unica's 15 stations includes KBLA-AM (1580) in L.A., bringing Multicultural's total ownership to 49 stations. Stewart Kim, PGP Capital's managing partner, said the deal dovetailed with his firm's niche of advising minority-owned business, particularly Korean-American firms. GE Capital Corp., a General Electric Co. unit, owned Radio Unica's revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. line. It will be paid $20 million while the firm's bondholders are set to recover $111 million, or 70 cents on the dollar. Warburg Pincus owns 60 percent of Radio Unica, whose shares were trading at 70 cents last week. Other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. of Radio Unica will be sold separately. |
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