It’s official. Cox Radio of Atlanta sold off a big swath of their stations to an entity called Summit Media in Las Vegas.<\/p>\n
Station list<\/a><\/p>\n The two principals are Carl Parmer of Las Vegas and David Dubose of Alabama<\/p>\n Radio Ink gives the history the two men had owned radio stations in Alabama and were one of the smaller fish devoured by what would become Clear Channel. Now 15 years later, they’re tanned and ready to pick up the shambles and try again<\/p>\n http:\/\/www.radioink.com\/article.asp?id=2616638&spid=24698<\/p>\n The sale involved buying 23 stations for $104 million and immediately selling the Cox Connecticut stations for $40 million to a third party.<\/p>\n 86% of the company will be owned by a private equity firm (Cox is currently privately owned by the Cox family – it used to be publicly traded). Highpoint Summit is nothing more than a Delaware LLC shell company to hold the title to the licenses <\/p>\n http:\/\/www.insideradio.com\/Article.asp?id=2617687&spid=32061#.UZV8emt5mK0<\/p>\n The four directors of the LLC are Russ Taylor is the president of the company that owns the apartments in Birmingham<\/p>\n http:\/\/www.bizjournals.com\/birmingham\/print-edition\/2011\/11\/18\/blue-canoe-acquires-engel-division.html<\/p>\n Patrick Sullivan I can’t find unless it is the RightsFlow.com guy<\/p>\n and Jeffrey D. Brooks possibly another Brooks Brother<\/p>\n OPM – the way to wealth<\/p>\n Good chance Paul Finebaum would wind up here – his 90 day right of first refusal with Cumuls is over April 22nd. I doubt though that stations in Hawaii care about Crimson Tide<\/p>\n","protected":false},"excerpt":{"rendered":" It’s official. Cox Radio of Atlanta sold off a big swath of their stations to an entity called Summit Media in Las Vegas. Station list The two principals are Carl Parmer of Las Vegas and David Dubose of Alabama Radio … Continue reading
\nJeffrey Austin Brooks, a real estate developer in Birmingham
\nhttp:\/\/www.bizjournals.com\/birmingham\/print-edition\/2012\/05\/25\/ceo-awards-jeff-brooks-highpoint.html?page=all<\/p>\n