Mergers & Acquisitions
He presently owns some 29 radio stations across Arkansas under a series of different licensee names, which operate under the East Arkansas Broadcasters name. Now, Bobby Caldwell has signed off on a transaction that will yield him six additional stations.
Liberty Media, which already controls US pay-radio service SiriusXM, plans to combine the two businesses, and then spin-off the radio company in a typical move by cable giant John Malone.
The National Association of Black-Owned Broadcasters has been acquired by U.S. Black Chambers Inc.