Nassau Explores Life After Almost IPO

Nassau Explores Life After Almost IPO
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Nassau Broadcasting Partners has hired SalomonSmithBarney to explore its options having withdrawn its proposed IPO earlier this week.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