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Home > Company Index > Media > Radio Broadcasting & Programming > Nassau Broadcasting Partners, L.P.
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Nassau Broadcasting Partners, L.P. |
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PROFILE |
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Forget about steel drums and Caribbean rhythms. Nassau Broadcasting owns 17 AM and FM radio stations in five markets in New Jersey and Pennsylvania. Its stations program a variety of formats, including classic hits, oldies, country, and adult contemporary, as well as news, sports, and religious programs. Nassau has agreed to buy more stations to expand its network to 32 stations in nine markets targeting the Northeast. The company was founded with just two stations in 1964 by Herb Hobler. Present CEO Louis Mercatanti bought an 80% stake in the business in 1986. Today he owns 20% of Nassau, while Spectrum Equity Investors holds a 47% stake.
COMPETITION |
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Clear Channel Communications, Inc. (CCU)
Cumulus Media Inc. (CMLS)
Infinity Broadcasting Corporation (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 31.40
1-Yr. Sales Growth: 25.6%
Employees: 314
Revenue per employee: $100,000.00
KEY PEOPLE |
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Louis F. Mercatanti
CEO
Michael S. Libretti
CFO
CONTACT INFO |
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619 Alexander Rd.
Princeton, NJ 08540
US
Phone: 609-452-9696
Fax: 609-452-6017
Online: Web Site
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