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Mergers & Acquisitions

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Deal Overview

Buyer:
Lazer Broadcasting Corporation
Actual Acquirer:
Lazer Broadcasting Corporation
Target:
KCAL-AM
Deal Type:
Media & Entertainment
Agreement Date:
6/15/2001
Announcement Date:
6/15/2001
Announced Deal Value ($ M):
2.35
Status:
Completed
Completion Date:
11/9/2001

Consideration Breakout
Cash ($M) 2.4

Deal Pricing Ratios

Announcement Completion
Cash Flow Multiple (x) 9.3 9.3
Deal Terms
Description of Consideration

Lazer Broadcasting Corporation paid approximately $2.4 million in cash, including $117,500 in escrow, to acquire KCAL-AM from Entravision Communications Corporation.

Accounting Method Purchase
Merger of Equals? No
Bankruptcy Sale? No
Minimum Termination Fee ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes MVP Capital LLC
Seller Yes MVP Capital LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Dickstein Shapiro LLP
Seller Yes Thompson Hine LLP