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JJ123abc

11/15/07 2:22 PM

#17269 RE: avdave #17267

Source on this?

Did he get $700,000 cash along with the note of $600,000

The combined acquisition cost for both radio stations was $180K. He owned them for a couple of years before he sold them to PHGI shareholders for $1.3 million. Good deal for the shareholders? Hard to say, I guess.