The Little General with the Big Ears is back and he wants to own radio stations. I’m of course referring to H. Ross Perot, former candidate for U.S. president, who indirectly helped elect Bill & Hillary Clinton in 1992 and inspired radio veteran Chuch Harder. Perot is now 85 years old. Forbes says he is worth about $3.8 billion
H. Ross Perot’s Son is named Ross Perot Jr. – no H. The remains of Perot systems was sold to Dell Computers in 2009. The Perot money is sloshing around inside Petrus Holding Company. For whatever reasons, they decided to put money into radio.
The company they just “bought” mostly is operating the stations in New England that used to belong to defunct Nassau Broadcasting, one of the first speculators in radio stations to die. They had been backed with funding by Goldman Sachs, who largely funded the radio bubble in the late 1990s