...management team of Radio One, Inc. with an analysis of the acquisition they are considering. The acquisition includes 21 radio stations, 12 from Clear Channel, which has to divest because of their merger with AMFM Inc., six from Davis Broadcasting and three more from Shirk, Inc. and IBL, LLC. The remainder of this report is structured as follows. First, a business case will be made as to provide insight into the relevance and feasibility of the acquisition for Radio One, Inc. Thereafter, the package that is under consideration to be acquired, will be valued and this valuation will be extensively covered. Lastly, a bidding strategy to successfully acquire the package of radio stations will be recommended. Business Case In this section, the relevance of the package of radio stations under consideration to be acquired will be evaluated. In particular, an answer will be formed to the question: why should Radio One, Inc. buy this package of radio stations? The main strategy of Radio One, Inc. is to provide urban-oriented music, entertainment, and information to a primarily African-American audience in as many major markets as possible. Because the biggest part of the radio stations for sale are in urban format and they are in the top 50 African-American markets, their acquisition would significantly improve Radio One, Inc.’s presence in the market. In particular, the acquisition of these 21 radio stations would create nationwide coverage overnight. Among the radio stations, is...
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...9-201-025 REV: MAY 29, 2003 RICHARD RUBACK PAULINE FISCHER Radio One, Inc. Radio One (Nasdaq: ROIA, ROIAK), the largest radio group targeting African-Americans in the country, had achieved tremendous success by purchasing underperforming radio stations, changing them to urban formats, and using its programming, marketing, and operating skills to cut unnecessary costs. Under the leadership of Alfred Liggins III, chief executive officer and president, the company posted consistent, above-average, same-station broadcast revenue and cash flow growth, and grew from 7 stations in 1995 to 28 in 1999. In October 1999, two of the nation’s largest owners of radio stations—Clear Channel Communications Inc. (NYSE: CCU) and AMFM Inc (NYSE: AFM)—announced plans to merge. Scott Royster (HBS ’92), chief financial officer and executive vice president of Radio One, knew that the Federal Communications Commission (FCC) would require Clear Channel to divest some of its radio assets after the proposed merger. The divestitures were an opportunity for Radio One to acquire 12 established urban stations in the top 50 markets. Acquiring those stations would more than double the size of Radio One and help build its national platform. Liggins and Royster had to decide if Radio One should purchase the stations and how much to offer. The Company Radio One was founded by Liggins’s mother, Catherine Hughes, who learned the radio business while teaching at Howard University. In 1980, Hughes...
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...Preguntas 1. ¿Por qué Radio One desea adquirir las 12 estaciones de Clear Channel Communications que están rankeadas entre las 50 mejores además de las nueve estaciones en Charlotte, NC, Augusta, GA, e Indianápolis, ID ¿Cuáles son los beneficios y riesgos? Hemos considerado las siguientes razones de la adquisición: Radio One desea adquirir estas 12 emisoras porque le permitirá duplicar su tamaño y le ayudaría a consolidar su posición en el ámbito nacional. Estas adquisiciones le permiten la entrada a nuevos mercados Muchas de las emisoras en venta tienen el formato urbano de Radio One El público objetivo de Radio One es el colectivo afroamericano, el cual ha tenido un rápido crecimiento en cuanto a población (60%), ingresos (150%), estos ratios de crecimiento son mayores a los de la población en general; además los afroamericanos escuchan la radio 24% más que el publico general. Sinergias. La adquisición de las emisoras le permite reducción de costos, ya que tiene como estrategia la compra de emisoras de baja rentabilidad para modificarlas a un formato urbano, utilizando sus recursos, programación, etc. para así seguir reduciendo costos innecesarios y obtener mayores eficiencias. Disponibilidad de fondos para la adquisición de las emisoras Los beneficios que obtendría de estas adquisiciones, son los siguientes: Al adquirir las 12 radioemisoras, llegaría a tener mayor número de oyentes afroamericanos que el resto de emisoras por tanto se obtendrían...
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...Creative Spark PHL/458 For this assignment, I chose Sir Ken Robinson’s video talk about how schools kill the creativity of the children they teach. In his roughly 20 minute speech in Monterey California, in February 2006, he took center stage to deliver a humorous monologue on the spark of creativity. He pointed out that it was his belief that everyone has an interest in education, and it runs deep within us as a society, because it drives the way our culture performs. His speech points out that education is the catalyst that is preparing us for the future, and that right now no one knows what the future will hold for us. In 20 years or even five, we are unable to predict with any certainty what the world will require of its population, because we don’t know what the future holds and how do we educate for it? No matter where you travel in the world today the education systems are set up in the same general order of importance.Math, Science, Language, and Humanities always are at the top of the education list, with creative activities such as Arts, Dancing, and Theater at the bottom. In his speech, he spoke of the education system of today being antiquated to the developments over the last 50 years. The current system which has been developed in the 19th century to accommodate the educational needs of industrial growth, has since lost its edge. In today’s world, with its growing population and advanced development,a creative and innovative ideas to continue forging ahead for...
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...What the problems have? 1. Which path should she choose between fun or functional? 2. Whether she should continue using other people's money to invest in a product that is losing popularity? What should she do? 1. No need to choose one path for the definition of the company, We see and use lots of products that have multi-functional applications in our daily lives. 2. Inopportune to develop a new product from scratch now A new invention will take a tremendous amount of time and investment, not to mention she doesn't even have any solid ideas yet. Most new products have growing pains and kinks to work out. 3. Focus on revamping current product, and constantly innovate to stay on top of the game Make the Brrd more appealing to kids and slightly more to advanced consumers, which require significantly less resources. Make new generation Brrrd that speaks different languages, such as Japanese, Spanish, German, Korean, and others. If Chinese speaking Brrrd could become popular, maybe other languages speaking Brrrd will as well. Explore new capabilities, add new features, or even get into the Elementary School market, and make people who already bought one see the benefit in getting the new one. (Like the iPhone.) Expand the current market and explore potential customers by corporating with other brands and toy/cartoon figures, such as Barbie, Teddy bear and Minions. Develop a paid APP for the customers who want to learn a language but don’t like...
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...Students have tremendous potential to be ambassadors for change and lead meaningful action. What is the best way to educate, engage and empower youth to bring about positive change in the world? The best way to educate, engage and empower youth to bring positive change in the world is to sensitize them to real life scenarios such as cases, involvement in political discussions or debates and to make them participate in the world's current state in different disciplines such as economy, politics and social-cultural aspects. To achieve this through change, students must be able to lead others with meaningful actions using their creativity, charisma, and their sense of leadership to be able to resolve and help find solutions that senior employees have trouble figuring out. On the same note, student must have an open mind and be able to grow as individuals to become better people and to have the skills necessary to perform at their best in the "real" world. This being said, they must have the proper tools to develop their thinking skills and to comprehend the logistic of the current world we live in. So, to be able to have all the necessary skills, the best way to learn is on the field with other people who already have the experience and the knowledge of positive change. In other words, students should be formed correctly and partake in others in different projects and work to learn from other's mistakes and their success. Classes in universities or colleges would be recommended...
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...Ruby Schooler UNV 103 July 12, 2012 Mr. Oscar Crawford Community A community feeling inside an online course can help me stay motivated by being able to talk to my classmates. We communicate by sharing ideas, reading each other’s point of views, asking questions about each other’s point of views and also by answering questions that are given to us about our point of views. Collaboration looks like a group of people working together as a team to get the work done. Like in a community, if someone needs a house built then everyone within the community gathers together and starts working on building the house as a team. Collaboration is very important within the career field I have chosen because in my career I need to be able to work together with the community, and the patients. I am going to need to be able to answer questions if someone has problems or does not understand something. I need to be able to community and work together with the doctors and businesses. If I mistype or misplace important documents then there is going to be a big misunderstanding on what is happening and going on. By using the GCU social media such as the GCU Facebook page, Twitter, Discussion Forums, and Cyber Cafe to network I will be able to community and collaborate with my classmates, counselors, and instructors on what is going on in the world. Without these networks I would not be...
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...matter in today’s global economy.” I feel that both are right the world is flatter than in the past, but there are the important spikes. Friedman says the world is flat due to technology and Florida says technology has made the largest cities larger while leaving the valleys behind. I believe that technology has allowed people in the “valleys” to be more creative, find others’ information and build upon it, and test their ideas all from the comfort of their homes. They may have to move to a large city or spike to really make their idea a success, but they may have a better chance than if they just moved to a spike. I think that there will always be spikes because there must be a central place for people to meet and collaborate with one another. This is when the best ideas come together and become more powerful. There are always the people who can do this all remotely like the Apache people in the, World is Flat. For the most part I feel that Silicon Valley would not have been as powerful had everyone stayed in their original location. Plus not every city in the world can be a spike or flat, it would eliminate competition and then we would stop producing. The fact that there are only a few large spikes shows how important it is to have some places where innovation and production happen. But what makes the world flat is the fact that people in the valleys are able to be involved from another part of the world due to technology. This is a perfect example, Florida says,...
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...Future Statement Arcacia Godfrey 2/10/15 Ms.Phillip Imagine that the world had more energy. What if you could always wake-up refreshed? Imagine 15 years from now, on every street corner in America and around the world their where “Dream Stations”. A place where you could go in like your local coffee shop or internet café, step into a selected booth and capture a full 8 hours of rest in a matter of 15-20 min!!! Imagine a world filled with energetic and productive people, who only make for a better, more rested society. Enter your “Dream Station” and Rev-Up!! The booth would have a walk up space and an area for your head, to put on a specially designed helmet that puts you to sleep in an instant. The signals and frequency’s coming from the helmet, would send signals to the respected part of the brain for sleep and energy. It would bring you to a trance like state, to give you what feels like a full night’s sleep! It would also go to another phase, where a few minutes before your time is finished, it would go to an energy reboot stage, where it enhances your alertness, thinking, and awareness before you disconnect from your headset. This would be the most revolutionary thing that our society has seen. This could actually make for a better society. Imagine the productivity that would be accomplished if people could stop to rest literally! Our society would run smoother, and more efficiently. No more grumpiness because of tiredness or lack of sleep and energy. This would greatly...
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...| Social Security | Should we really fight to save it, or move on? | | A very great deal of people believe that Social Security will be around for everybody and forever, but in reality the program is experiencing a shortage that could end the program within the next 10 years. Based upon the current statistics from the Congressional Budget Office, Social Security will pay out more than it receives for the year 2010. Another problem is that within the same report from the Congressional Budget Office, by the year 2018 the trust fund used to pay Social Security benefits will be exhausted. I think that if we take better control of where the money is spent as well as offer more options besides Social Security, we will eventually save money instead of losing it. According to a Congressional Budget Office report on the trends and implications, the current practices by the Social Security Administration make the program unable to remain financially sustainable. According to the Congressional Budget Office, “Since 1970, the number of individuals receiving funds from the SSI has more than tripled from 2.7 million to a current 9.7 million.” From their same report, due to budget shortfalls as well as a rapid increase in payouts the Congressional Budget Office is predicting that the program could run out of money and fail. My biggest concern with our government is that nobody seems to be too concerned about this program. I worry more about the current receivers of benefits...
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...EssayForum Unanswered [38] / Featured [3] / URGENT [0] Top of Form [pic] Bottom of Form Top of Form [pic] [pic] help or REGISTER NOW! Bottom of Form |Essay Forum / Writing Feedback / | | | | | 'The Advantages and Disadvantages of Globalization' Top of Form syahid Apr 9, 2010, 10:03am #1 Even though globalization affects world's economies in a positive ways, its negative side should not be forgotten. Discuss. Globalization has contributed a lot to the world today. It boosts countries economies, advance technologies and improve daily life of the people. But in the meantime whether it is a blessing or a curse has sparked much debate. This is because the benefit of globalization always come with the drawbacks. For me, the advantages of the globalization are outweigh its disadvantages. Convincing argument can be made that globalization has led to advancement in technologies. This advancement has built the new world without boundaries. So, the communication can be made with any other parts of the world through technologies such as internet and telephone. Hence, ideas exchange can be done among intellectuals,journalists, scientists or ordinary people. As a result, the best ideas will be spread all over the world which led to enhance the world achievements. However, there are some disadvantages of the globalization. The absence of boundaries of the world through...
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...Imagine that the world had more energy. What if you could always wake-up refreshed? Imagine 15 years from now, on every street corner in America and around the world their where “Dream Stations”. A place where you could go in like your local coffee shop or internet café, step into a selected booth and capture a full 8 hours of rest in a matter of 15-20 min!!! Imagine a world filled with energetic and productive people, who only make for a better, more rested society. Enter your “Dream Station” and Rev-Up!! The booth would have a walk up space and an area for your head, to put on a specially designed helmet that puts you to sleep in an instant. The signals and frequency’s coming from the helmet, would send signals to the respected part of the brain for sleep and energy. It would bring you to a trance like state, to give you what feels like a full night’s sleep! It would also go to another phase, where a few minutes before your time is finished, it would go to an energy reboot stage, where it enhances your alertness, thinking, and awareness before you disconnect from your headset. This would be the most revolutionary thing that our society has seen. This could actually make for a better society. Imagine the productivity that would be accomplished if people could stop to rest literally! Our society would run smoother, and more efficiently. No more grumpiness because of tiredness or lack of sleep and energy. This would greatly increase our economy due to more people...
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...Instructional Design Case Study For State Medical University Team Leader: XXX, Team: John Barnett, Shalanda Campbell, Donna Harmon, Tara McEvoy AET 515 March 24, 2014 Professor Joan Beckner Abstract Insert an abstract of the paper, its key points, team recommendations, and generalized conclusions. Instructional Design Case Study For State Medical University State the general situation of the case study here, summarize the team’s assessment of the situation and give an overview of the analysis process, the instructional design recommendations for the pediatric clerkship, the development of clerkship improvement project, and recommendations for current program modifications. Defining Our ID Process Outlines our process for this assignment/case study problem … Proposed Pediatric Clerkship Instructional Design Insert the team’s proposed design concept … in this section we should answer the first assignment question about helping faculty members overcoming their resistance to changing teaching methods. Pediatric Clerkship Education Development Team A will assist Dr. Kelsoe in reassuring reluctant faculty members at State Medical University of the benefits of integrating technology for computer-based training (CBT) will provide for the program. To ensure the faculty will capture the significance of a CBT program within their facility, the team presents an example of a successful medical facility that incorporates CBTs to support teaching their students and residents...
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...Assignment Analyze how regionalism and nationalism are related to different modes of listening to the radio in the United States from 1920 to 1980. For long it has been discussed how the radio changed the American people – but this analysis is far too diverse and particular to each individual, since the United States have a wide arrange of ethnicity, religions, races, generations and other remarkable differences between different people. This essay will therefore focus on how the different modes of listening to the radio brought together different nation feelings to society in different timings and places. A Cornell scholar, Benedict Anderson, while reflecting about the emerge of nationalism in one country said one day that it had to be imagined, since all the nation elements and individuals may never meet one another and “yet in the mind of each lives the image of their communion”. The first notable change in general knowledge and feeling about a nation was conceived on the newspaper, that would allow several people to read the same stories about the nation and its people at the same time. The newspaper was the first proof of a country to a regular citizen that through it, would get to know people from distant lands with whom he would share his first sense of non-local community. The importance of the radio wasn’t shadowed by the newspaper’s prior timing. Radio added one more sense to the world of mass communication. The air around the device would tremble with different...
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...problems the company is facing (not more than 2 pages). Radio used to be an information centre for listeners. As time passes by, the functions of radio has gradually changing. It is not serve only as an information centre but also as medium of entertainment and centre of learning. We can even say that the main role of radio for present time is mostly for entertainment. Nowadays, in the case of innovative many new technologies have been developed, one of the oldest forms of media in the whole wide world has been impacted and it is the radio. Not only radio per se, other kinds of ‘traditional’ media such as newspaper and magazine are also impacted by their ad revenues and it is predicted to be keep on declining. In context of Indonesia solely, there are already 1,178 in total number of radio stations. With so many established radio stations, the medium has become more disintegrated. There is a very high competition between radio stations in providing the best of them of them to the listeners. In Indonesia, a few radio stations are incorporated under one management group. One of them is Masima Group which encompassed of Delta FM, Prambors and Female Radio. Compared to other radio stations, one of problems encountered by Delta FM is because of its unstable personality. In 1994, the targeted listeners for Delta FM are aged between 40-50 years old, who were described as “elegant and intellectual”. Thus during that time, the radio focused on listeners’ favourite oldies songs. In fact...
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