Chancellor is set to purchase 50% of Radio Centro
Article Abstract:
Chancellor Media Corp. announced that it has reached an agreement to purchase 50% of Grupo Radio Centro SA for approximately $237 million in cash and stock. Radio Centro is the largest radio broadcasting company in Mexico. The deal is the most recent of Chancellor's high-profile acquisitions. The company is attempting to become a multimedia platform that brings radio, television, and outdoor billboard properties together.
Comment:
Chancellor Media Corp. to purchase 50% of Grupo Radio Centro SA for approximately $237 million
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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CompUSA reports $51.4 million loss for its 4th quarter
Article Abstract:
CompUSA Inc. announced that it posted a $51.4 million loss for the fiscal 1998 fourth-quarter. The company suffered the losses because of slow sales, reduced profit margins, and a charge worth $34 million for a new computer system. CompUSA predicted that it would see flat financial figures for the fourth-quarter. However, the firm also said that its pricing problems were over.
Comment:
Announced that it posted a $51.4 million loss for the fiscal 1998 fourth-quarter
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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