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Nassau Explores Life After Almost IPO

Nassau Explores Life After Almost IPO

Nassau Broadcasting Partners has hired SalomonSmithBarney to explore its options having withdrawn its proposed IPO earlier this week. Nassau has a total of 32 stations in the top 20 markets and plans to continue acquiring stations in the Northeast.
Nassau projects on a pro forma basis 2001 revenue will be about $80 million with broadcast cash flow of about $31 million. “Our outlook is strong,” said Nassau President/CEO Louis Mercatanti.
Leslie Stimson

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