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Young Broadcasting LLC
Young Broadcasting, LLC was an American media company that owned or operated 12 television stations in 10 markets with a total U.S. television household coverage of 5.9%. The company was formerly known as Young Broadcasting Inc. and was the outgrowth of the ad representation firm ''Adam Young Inc.'', which was founded in 1944 by Adam Young. Previously a public company, Young Broadcasting voluntarily declared Chapter 11 bankruptcy on February 13, 2009, to restructure its debts. On June 24, 2010, the company emerged from bankruptcy as New Young Broadcasting Holding Co, Inc., shedding $800 million in debt and becoming one of the most financially secure broadcasting companies in the country. Deborah A. McDermott was named president and CEO of the new company, in which Standard General L.P., an American hedge fund, maintained a controlling interest. On November 12, 2013, privately held Young Broadcasting acquired a controlling interest in Media General through a reverse merger. Follo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Takeover
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of a private company purchase control of a public shell company/ SPAC, and then merge it with the private company. The publicly traded corporation is called a "shell," since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, negot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Houston, Texas
Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of Harris County, Texas, Harris County, as well as the principal city of the Greater Houston metropolitan area, the fifth-most populous metropolitan statistical area in the United States and the List of Texas metropolitan areas, second-most populous in Texas after Dallas–Fort Worth metroplex, Dallas–Fort Worth. With a population of 2,314,157 in 2023, Houston is the List of United States cities by population, fourth-most populous city in the United States after New York City, Los Angeles, and Chicago, and the List of North American cities by population, sixth-most populous city in North America. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Comprising a land area of , Houston is the List of United S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knight Ridder
Knight Ridder was an American media company, specializing in newspaper and Internet publishing. It was bought by McClatchy on June 27, 2006, allowing the latter to become the second largest newspaper publisher in the United States at the time, with 32 daily newspaper brands sold. Its headquarters were located in San Jose, California. History Origins The corporate ancestors of Knight Ridder were Knight Newspapers, Inc. and Ridder Publications, Inc. The first company was founded by John S. Knight upon inheriting control of the '' Akron Beacon Journal'' from his father, Charles Landon Knight, in 1933; the second company was founded by Herman Ridder when he acquired the , a German language newspaper, in 1892. As anti-German sentiment increased in the interwar period, Ridder successfully transitioned into English language publishing by acquiring '' The Journal of Commerce'' in 1926. Both companies went public in 1969 and merged on July 11, 1974. For a brief time, the combined co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albany, New York
Albany ( ) is the List of capitals in the United States, capital city of the U.S. state of New York (state), New York. It is located on the west bank of the Hudson River, about south of its confluence with the Mohawk River. Albany is the oldest city in New York, and the county seat of and most populous city in Albany County, New York, Albany County. Albany's population was 99,224 at the 2020 United States census, 2020 census and estimated at 101,228 in 2023. The city is the economic and cultural core of New York State's Capital District (New York), Capital District, a metropolitan area including the nearby cities and suburbs of Colonie, New York, Colonie, Troy, New York, Troy, Schenectady, New York, Schenectady, and Saratoga Springs, New York, Saratoga Springs. With a population of 1.23 million in 2020, the Capital District is the third-most populous metropolitan region in the state. The Hudson River area was originally inhabited by Algonquian languages, Algonquian-speaking Mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WTEN
WTEN (channel 10) is a television station licensed to Albany, New York, United States, serving the Capital District, New York, Capital District as an affiliate of American Broadcasting Company, ABC. Owned by Nexstar Media Group, it is a sister station to Fox Broadcasting Company, Fox affiliate WXXA-TV (channel 23), which is operated under a shared services agreement (SSA) with Mission Broadcasting. The two stations share studios on Northern Boulevard in Albany's Neighborhoods of Albany, New York#Bishop's Gate, Bishop's Gate section; WTEN's transmitter is located on the Helderberg Escarpment west of New Salem, New York, New Salem. WTEN formerly operated full-time Broadcast relay station#Satellite stations, satellite WCDC-TV (channel 19) in Adams, Massachusetts, with transmitter located on Mount Greylock, the highest peak in Massachusetts. WCDC-TV's signal covered portions of western Massachusetts and southern Vermont that received a marginal to non-existent terrestrial television, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WKRN
WKRN-TV (channel 2) is a television station in Nashville, Tennessee, United States, affiliated with ABC and owned by Nexstar Media Group. The station's studios are located on Murfreesboro Road (U.S. Routes 41 and 70S) on Nashville's southeast side, and its transmitter is located in Forest Hills, Tennessee. History The early years on channel 8 as WSIX-TV The station first signed on the air on November 29, 1953, as WSIX-TV, broadcasting on VHF channel 8; it was the second television station in Nashville. WSIX-TV was originally licensed to WSIX, Inc., which was owned by Louis and Jack Draughon, along with WSIX (980 AM). Initially licensed to nearby Springfield, WSIX radio was launched on January 7, 1927, and based in the Draughon brothers' 638 Tire and Vulcanizing Company auto supply business in downtown Springfield. The "638" was the auto supply business' mailing address and did not allude to the assigned frequency for the radio station, nor would it for the television stati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
