Most Popular Articles
Broadcast Electronics Gets New Majority Owner
Quincy, IL - Jan 19, 2010 - At the end of 2009, Broadcast Electronics saw a change in its ownership structure. Firstcity Crestone is now the majority owner of the manufacturer of transmitters and computer-based technology systems.
While some may see a change in ownership as a sign of trouble, Broadcast Electronics notes that it's anything but. Look back at the history of the company, in 2006, Audax, an investment group obtained the controlling interest of the broadcast company. A key investor in Audax was GE Capital.
Like many financial groups, GE Capital has experienced some tough times, and near the end of 2009, it reviewed some of its investments. Some companies were liquidated, while some investments were sold, which is the case for Broadcast Electronics. GE Capital sold its interest to Firstcity Crestone, making Firstcity the majority owner of BE.
According to Broadcast Electronics, business goes on as usual for the company, and the investor shift actually helps the company with its managed debt.
Acceptable Use Policy blog comments powered by Disqus
[an error occurred while processing this directive]
Today in Radio History
The history of radio broadcasting extends beyond the work of a few famous inventors.
Read each issue online in our Digital Edition Format in your Web browser.
EAS Information More on EAS
The feed provides feeds for all US states and territories.
Need a calendar for your computer desktop? Use one of ours.
Information from manufacturers and associations about industry news, products, technology and business announcements.
Cumulus builds a new campus in Nashville to house its NASH family of brands
Browse Back Issues[an error occurred while processing this directive]
Also in the October Issue
- Trends in Technology: Alternate Transmitter Sites
- Tell City Waiver Denied
- 2014 Radio magazine Salary Survey
- Field Report: Steinberg UR44
- Repurposing Older Equipment