WestwoodOne (WWON)

[$$$-Play]

Hi GNOTE,
Keytrade-analyst gives WON target price of 1 USD! She is way undervalued now. Looks like she is ready to go up again, nice and steady, everyday a bit. Very healthy IMO.
Good luck to all.

Greetzz from Belgium

[GNOTE]

Just a matter of time before it goes.

[$$$-Play]

Gnote, I realy like what I saw yesterday, nice volume coming in, but still flying under the radar IMO. In the meantime we can climb nice and steadly. Good luck to all on board here.

[$$$-Play]

Agre, also think this will be a good play for the next month, this stock is coming alive and kicking again. Bought some today.
GLTY

[$b_rich$]

all those 100 share trades going off on the ask at .14

[$b_rich$]

I agree...won't be long now

[GNOTE]

WON WESTWOOD ONE ,I'm not sure why investors didn't see the value in the retraction made by Trans Media group and Pompono as it is a signal that the law suit filed against them in July has a settlement agreement done that just needs to be press released by Westwood.

Westwood claimed in their suit filed in July that a press release dated April 9th and released by Trans Media on behalf of Pompono ,stated there was cause to continue a law suit against Westwood by Pompono. The fact is there was not any cause found and most of the claims were dismissed.This press release caused Westwoods stock to decline.

Now it is clear there is a deal because Pompono and Trans Media would not have restated the April 9th press release on Oct.23rd 2008 if the law suit filed by Westwood in July had not reached a conclusion. I expect the facts of this agreement to be made public by Monday as they have I believe 4 days to file material information to share holders and Trans Media and Pompono have already on the 23rd admitted they lied on the April 9th press release.

It will be interesting to see the details of the agreement and how much Pompono and Trans Media will have to pay.Now the stock price the last few trading days has been 3 times the averge volume and the price has declined, something that always happens just before a massive up swing.

If your not already in, I suggest putting this on watch next week as it will be a good play for the next month.

[$b_rich$]

Yes..it's consolidated pretty good today. We'll see where it goes. That news was good this morning!

[stressfreeliving]

For some reason, we will have to churn

through the .16s and .17s most likely today and tomorrow. But once we take away those shares, I think we are going to GAP very well.

JMHO

[$b_rich$]

I'm in...looking much better today

[stressfreeliving]

Hello board.

Who is in?

[stressfreeliving]

Sweet! .1597

[Alyssa]

Nice. You paid half as much as the insiders who bought in early October at 40 cents, and that includes Beusse, who just resigned...hmmm...interesting development.

[RobbinGood]

anyone alive here? bought 5k bucks worth at .19 today. Someone mentioned on another board that WON was halted in the AH trading. I could not confirm that anywhere. thanks

[taraniterror]

wow - Under a buck ! I'm buying more.

[MLR_Lite]

They look like a candidate for sure. Hard to say if they can get back on their feet in this economy. It has taken a couple of good 20 cent swings but I was not in the right place at the right time to proft from it.

[taraniterror]

I prefer Bud Light ~ This ever gonna get bought out ?

[MLR_Lite]

Sad to see that we have not found a bottom yet. I thought that we had. Hopefully the new management will start doing something good in July! The new sales guy starts in July. He is supposed to be a whiz kid at sales.

[MLR_Lite]

It would appear that WON has not bottomed yet. Good thing I had a stop limit put in. Minimal loss.

[MLR_Lite]

Westwood One Finalizes $100 Million Investment and Welcomes New Board Members
Thursday June 19, 4:45 pm ET


NEW YORK, June 19 /PRNewswire-FirstCall/ -- Westwood One, Inc. (NYSE: WON - News; the "Company" or "Westwood") announced today the closing of the sale of $75 million of a newly created series of preferred stock, 7.50% Series A Convertible Preferred Stock, to Gores Radio Holdings, LLC (together with certain related entities, "Gores"), an entity managed by The Gores Group, LLC ("The Gores Group"). The Convertible Preferred Stock has an initial conversion price of $3.00 per share, which represents a 140% premium to the closing price of $1.25 for the Company's stock price as of June 18, 2008. In connection with such sale, the Company issued to Gores four year warrants (in three substantially equal tranches) to purchase up to 10 million shares of Westwood common stock, exercisable at $5.00/share, $6.00/share and $7.00/share, respectively.
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The preferred stock sale follows a $25 million investment in Westwood common stock by Gores in March 2008. Gores purchased 14,285,714 shares of Westwood common stock at $1.75 per share, which closed in two equal tranches on March 3, 2008 and March 19, 2008, respectively. A detailed description of the Gores equity investment and copies of the Gores agreements were filed with the SEC as exhibits to the Company's definitive proxy statement on May 14, 2008.

"This financing is key to unlocking the future of Westwood One," said Thomas Beusse, Westwood One President and CEO. "It will enable us to delever our balance sheet and invest in the growth opportunities we have identified."

As part of the closing, the Company increased the size of its Board of Directors to eleven directors. In accordance with the terms of the Purchase Agreement, the following three Gores' designees were elected to the Board: Scott Honour, Senior Managing Director of The Gores Group; Mark Stone, Senior Managing Director of The Gores Group and President, Gores Operations Group; and Ian Weingarten, Managing Director of The Gores Group. Additionally, Emanuel Nunez, Senior Agent at Creative Artists Agency, a Gores' nominee, was elected as an independent director to the Board.

Beusse added, "In addition to the capital Gores provides, these new board members provide us with the additional operational resources and technical sophistication that will help drive our turnaround. Also, the arrival of Manny Nunez signifies Westwood One's commitment to being a home for top talent."

Ian Weingarten, Managing Director of The Gores Group, stated, "We are excited about our investment in Westwood One and are looking forward to partnering with Norm, Tom and the Company to maximize shareholder value. We believe there is a tremendous and clear opportunity to turn around and drive growth in the business by executing upon the key initiatives on which Tom and his team are focused. We are aligned with Tom on his objectives and will actively support him and the Company from a board perspective, by offering operational and strategic counsel."

The transaction was approved by the Company's shareholders at a special meeting held on June 17, 2008.

Moelis & Company and UBS Investment Bank served as financial advisors to the Strategic Review Committee of the Board of Directors of Westwood One and Skadden, Arps, Slate, Meagher & Flom LLP served as the committee's legal advisor.

Proskauer Rose LLP served as The Gores Group's legal advisor. Mosaic Capital, LLC served as financial advisor.

About Westwood One

Westwood One (NYSE: WON - News) is a platform-agnostic content company providing over 150 news, sports, music, talk, entertainment programs, features and live events to numerous media partners. Through its subsidiaries, Metro Networks/Shadow Broadcast Services, Westwood One provides local content to the radio and TV industries and to the Web. This content includes news, sports, weather, traffic, video news services and other information. SmartRoute Systems manages traffic information centers for state and local departments of transportation, and markets traffic and travel content to wireless, Internet, in-vehicle navigation systems and voice portal customers. Westwood One serves more than 5,000 radio stations. For more information please visit www.westwoodone.com.

About The Gores Group, LLC

Founded in 1987, The Gores Group, LLC is a private equity firm focused on completing investments, including acquiring controlling interests in mature businesses across industry sectors that can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence strength of a strategic buyer with the M&A capabilities of a traditional financial buyer. The Gores Group has demonstrated over time a track record of creating value in its portfolio companies alongside management. The Gores Group is currently investing from its $1.3 billion committed private equity funds. Headquartered in Los Angeles, California, The Gores Group also maintains offices in Boulder, Colorado and London. For more information, please visit www.gores.com.

[MLR_Lite]

Westwood One Appoints Stephen Chessare Senior Vice President of Sales
Thursday June 19, 4:38 pm ET


NEW YORK, June 19 /PRNewswire-FirstCall/ -- Westwood One (NYSE: WON - News) announced today the appointment of Stephen Chessare to Senior Vice President of Sales, effective June 30, 2008. In his newly created position, Chessare will work closely with Chief Revenue Officer Andrew Hersam in managing advertising and sponsorship sales across all Westwood One divisions -- radio, television, events and digital -- on both the local and national levels.
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"We're extremely pleased to have Steve join the advertising and marketing team at Westwood One," said Hersam. "We've followed Steve's successful career since he helped Clear Channel's WLTW-FM become the number one billing radio station in New York City for eight consecutive years and the number one billing radio station in the world five of the last seven years. Steve brings a wealth of experience that fits perfectly with Westwood One's leadership position in radio content and which will complement and add firepower to our team as we pursue an aggressive expansion across new and evolving media platforms."

"After 25 years in the radio business, I'm a firm believer in the power of the medium as a means to innovative, measurable solutions for advertisers," said Mr. Chessare. "That said, I'm thrilled to be joining Westwood One as it embraces what I believe to be the future of our business: Delivering great content over multiple platforms to engage consumers. When well executed, there is no better solution for marketers."

Chessare joins Westwood One from Clear Channel, where as General Manager of WLTW he drove the station to unprecedented growth, firmly establishing WLTW as the number one top revenue generating station in the United States. Previously, Chessare served as Vice President/General Manager for CBS Radio Sales, where he oversaw 11 offices of national account executives representing 63 radio stations owned by CBS and Jefferson Pilot.

About Westwood One

Westwood One (NYSE: WON - News) is a platform-agnostic content company providing over 150 news, sports, music, talk, entertainment programs, features and live events to numerous media partners. Through its subsidiaries, Metro Networks/Shadow Broadcast Services, Westwood One provides local content to the radio and TV industries and to the Web. This content includes news, sports, weather, traffic, video news services and other information. SmartRoute Systems manages traffic information centers for state and local departments of transportation, and markets traffic and travel content to wireless, Internet, in-vehicle navigation systems and voice portal customers. Westwood One serves more than 5,000 radio stations. For more information please visit www.westwoodone.com.

[MLR_Lite]

It didn't hold all of yesterday's gains, but not too bad for a rough day on wall street. I like what I have read about Stephen Chessare. Hoepfully he can really make a large business impact for WON.

[RJ Trotts]

We should all find out over the upcoming days and weeks, if they are serious this time around to advance the company.

[MLR_Lite]

Thanks. I hope it is turning around with the new press.

[RJ Trotts]

Looking like you are onto a winner here with WON, best of luck MLR.

[MLR_Lite]

.12 gain today and then news after hours. Hoping this will bode well for WON.

[MLR_Lite]

Anyone still playing this stock? I've been watching it for a few months and decided to try my luck at it.

[1for32for5]

Im Having A Great Tine!
Thanks For The Invite To That Great Board!

yoooooohoooooooo!

[CrazyAl65]

Awesome. Did better than I expected with that recent lawsuit pending.

[1for32for5]

Won Up To 2.60 Im Up .45+ Nice Call!

[CrazyAl65]

yw. Interesting dip today and strong recovery after that news. Looking forward to financial info on Thursday.

[GordonGecko]

yup i might have to grab a few. -Gecko

[GordonGecko]

thanks..the stock is looking cheap here.

[1for32for5]

Chart not loading on page for me, so I posted it here!

[1for32for5]

Seems to be trying to reverse here!

[1for32for5]

Yep Looks Strong And Thanks For Invite To The Other Board.

[CrazyAl65]

They've got the market:

Westwood One is the largest domestic outsource provider of traffic reporting services and the nation's largest radio network, producing and distributing national news, sports, talk, music and special event programs, in addition to local news, sports, weather, video news and other information programming.

[CrazyAl65]

I can only see up

[GordonGecko]

Is this the bottom? ;)

[1for32for5]

Came up on my scanner, chart looks prime for reversal.
Doing some diligence now!

[CrazyAl65]

Anyone here? Picked up a starter position. 52 week lows, on watch for possible turn around as we head into bigger sports season.

[taraniterror]

YUK.....................................

[taraniterror]

Bought a small piece - 200 SHARES ! Reversal ?

[macdrsirules]

No prob

[svfamily]

Thanks for the chart!!!!

[macdrsirules]