Salem issues offering.Salem Communications Salem Communications (NASDAQ: SALM) is a media company specializing in religious and conservative talk radio which operates in the United States, with 99 U.S. commercial radio stations (pending acquisitions) that are primarily concentrated in the nation's biggest markets, Corp. has issued a secondary public offering with plans to raise about $65 million for working capital and general corporate purposes, the company said. The shares being sold include 775,000 shares currently held by the Camarillo-based media company's two founding principals, Edward G. Atsinger III and Stuart W. Epperson. Epperson, chairman of the board who is 67, owns about 4.3 million shares or just over 24 percent of the company's Class A common stock. 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. Atsinger, 64, owns about 4.6 million shares or about 25 percent of the company's common stock. Salem, which broadcasts religious and family-themed programming, has priced its offering at $30 per share. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank Securities Inc. are managing the offering. Separately, Salem said it plans to acquire two additional radio stations in Honolulu, Hawaii from Visionary Related Entertainment LLC. Salem will acquire KPOI-FM 97.5 and KHUI-FM 99.5 for $3.7 million The purchase will bring to eight the number of Salem stations in the Honolulu market. |
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