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Aloha Station Trust, LLC
Aloha Station Trust, LLC was a privately owned trust company that owned radio and television stations previously owned by Clear Channel Communications, forerunner of the modern iHeartMedia. After Clear Channel was acquired by private equity interests in 2007, Clear Channel sold off media outlets to comply with FCC ownership limits that would no longer be grandfathered to them. Many stations agreed to be sold, or have been sold, to companies like Frequency License LLC, Providence Equity Partners, Cumulus Media, Blue Point Media and Santa Barbara Community Broadcasting. In 2011, they attempted to purchase some 100 radio stations in a $19 billion deal. Jeanette Tully, a director of Journal Communications Inc., was initially the sole member of the trust until her death in 2018. After that, Barry Drake, formerly of Backyard Broadcasting and Sinclair Broadcast Group, took over trusteeship of the Aloha Station Trust and two other iHeartMedia divestiture trusts. The trust was dissolve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trust Company
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts. The "trust" name refers to the ability to act as a trustee – someone who administers financial assets on behalf of another. The assets are typically held in the form of a trust, a legal instrument that spells out who the beneficiaries are and what the money can be spent for. A trustee will manage investments, keep records, manage assets, prepare court accounting, pay bills (depending on the nature of the trust), medical expenses, charitable gifts, inheritances or other distributions of income and principal. Estate administration A trust company can be named as an executor or personal representative in a last will and testament. The responsibilities of an executor in settling the estate of a deceased perso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IHeartMedia
iHeartMedia, Inc., formerly CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc. (formerly Clear Channel Communications, Inc.), a company founded by Lowry Mays and B. J. "Red" McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners through a leveraged buyout in 2008. As a result of this buyout, Clear Channel Communications, Inc., began to operate as a wholly owned subsidiary of CC Media Holdings, Inc. On September 16, 2014, CC Media Holdings, Inc. was rebranded iHeartMedia, Inc., and Clear Channel Communications, Inc., became iHeartCommunications, Inc. Overview iHeartMedia, Inc. specializes in radio broadcasting, podcasting, digital and live events through division iHeartMedia (sans "Inc." suffix; formerly Clear Channel Media and Entertainment, Clear Channel Radio, et al.) and subsidiary iHeartMedia and Entertainment, Inc. (formerly Clear Channel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frequency License LLC
Frequency is the number of occurrences of a repeating event per unit of time. It is also occasionally referred to as ''temporal frequency'' for clarity, and is distinct from ''angular frequency''. Frequency is measured in hertz (Hz) which is equal to one event per second. The period is the interval of time between events, so the period is the reciprocal of the frequency. For example, if a heart beats at a frequency of 120 times a minute (2 hertz), the period, —the interval at which the beats repeat—is half a second (60 seconds divided by 120 beats). Frequency is an important parameter used in science and engineering to specify the rate of oscillatory and vibratory phenomena, such as mechanical vibrations, audio signals (sound), radio waves, and light. Definitions and units For cyclical phenomena such as oscillations, waves, or for examples of simple harmonic motion, the term ''frequency'' is defined as the number of cycles or vibrations per unit of time. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Providence Equity Partners
Providence Equity Partners L.L.C. is a specialist private equity firm, private equity investment firm focused on media, communications, education, technology investments across North America and Europe. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989. The firm manages funds with over $31 billion in aggregate private equity capital commitments, making it a large global player in the private equity industry. Providence was one of the principal pioneers of a sector-based approach to private equity investing. The firm's eighth fund, Providence Equity Partners VIII, closed on $6 billion in 2019, above its $5 billion target. The prior fund, Providence VII, closed with $5 billion in 2013. Providence is headquartered in Providence, Rhode Island with additional offices in New York City, New York, Boston, London and Atlanta. Operations The firm raises investment funds from a broad array of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cumulus Media
Cumulus Media, Inc. is an American broadcasting company and is the third largest owner and operator of AM and FM radio stations in the United States behind Audacy and iHeartMedia. As of June 2019, Cumulus lists ownership of 428 stations in 87 media markets. It also owns and operates Westwood One. Its headquarters are located in Atlanta, Georgia. Its subsidiaries include Cumulus Broadcasting LLC, Cumulus Licensing LLC and Broadcast Software International Inc. Company history Origins Cumulus Media was established in August 1998 by radio consultant Lewis Dickey Jr. and media and technology entrepreneur Richard Weening. The Telecommunications Act of 1996, among other legislation, relaxed media ownership restrictions, allowing a single owner to possess or control an unprecedented number of radio stations per market and nationwide. Dickey, then a nationally known radio programming consultant, was acting as a consultant to a small radio group in which Weening had a personal investme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blue Point Media
Blue is one of the three primary colours in the RYB colour model (traditional colour theory), as well as in the RGB (additive) colour model. It lies between violet and cyan on the spectrum of visible light. The eye perceives blue when observing light with a dominant wavelength between approximately 450 and 495 nanometres. Most blues contain a slight mixture of other colours; azure contains some green, while ultramarine contains some violet. The clear daytime sky and the deep sea appear blue because of an optical effect known as Rayleigh scattering. An optical effect called Tyndall effect explains blue eyes. Distant objects appear more blue because of another optical effect called aerial perspective. Blue has been an important colour in art and decoration since ancient times. The semi-precious stone lapis lazuli was used in ancient Egypt for jewellery and ornament and later, in the Renaissance, to make the pigment ultramarine, the most expensive of all pigments. In the ei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Santa Barbara Community Broadcasting
Santa Claus, also known as Father Christmas, Saint Nicholas, Saint Nick, Kris Kringle, or simply Santa, is a legendary figure originating in Western Christian culture who is said to bring children gifts during the late evening and overnight hours on Christmas Eve of toys and candy or coal or nothing, depending on whether they are "naughty or nice". In the legend, he accomplishes this with the aid of Christmas elves, who make the toys in his workshop, often said to be at the North Pole, and flying reindeer who pull his sleigh through the air. The modern figure of Santa is based on folklore traditions surrounding Saint Nicholas, the English figure of Father Christmas and the Dutch figure of ''Sinterklaas''. Santa is generally depicted as a portly, jolly, white-bearded man, often with spectacles, wearing a red coat with white fur collar and cuffs, white-fur-cuffed red trousers, red hat with white fur, and black leather belt and boots, carrying a bag full of gifts for childr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Journal Communications Inc
A journal, from the Old French ''journal'' (meaning "daily"), may refer to: *Bullet journal, a method of personal organization *Diary, a record of what happened over the course of a day or other period *Daybook, also known as a general journal, a daily record of financial transactions *Logbook, a record of events important to the operation of a vehicle, facility, or otherwise *Record (other) *Transaction log, a chronological record of data processing *Travel journal In publishing, ''journal'' can refer to various periodicals or serials: *Academic journal, an academic or scholarly periodical **Scientific journal, an academic journal focusing on science **Medical journal, an academic journal focusing on medicine **Law review, a professional journal focusing on legal interpretation *Magazine, non-academic or scholarly periodicals in general **Trade magazine, a magazine of interest to those of a particular profession or trade **Literary magazine, a magazine devoted to literat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Last Bastion Station Trust, LLC
The Last Bastion Station Trust, LLC is a privately owned trust company that temporarily owns 2 radio stations previously owned by Citadel Broadcasting. Citadel absorbed ABC Radio as well as 22 radio stations (not including ESPN Radio and Radio Disney O&O affiliates) on June 12, 2007 from The Walt Disney Company, which made Citadel Broadcasting the 3rd-largest radio company in the United States prior to the 2011 acquisition by Cumulus Media. However, in order to comply with the FCC ownership limitations, Citadel transferred 12 of its radio stations. Stations *KOKY Sherwood, Arkansas *KPZK-FM Cabot, Arkansas Former Last Bastion stations * KARN-FM in Sheridan, Arkansas was originally on the list, but was later swapped back to Citadel for KOKY. KARN and KPZK, both in Little Rock, Arkansas, remained with Citadel even though the FM stations with those call signs were initially transferred to the trust and KPZK-FM remains there. * Last Bastion swapped with Citadel once more in Januar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Broadcasting Companies Of The United States
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Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
