| Business Summary | | Big
City
Radio,
Inc.
acquires
radio
broadcast
properties
in
or
adjacent
to
major
metropolitan
markets
and
utilizes
a
variety
of
engineering
techniques
and
low-cost,
ratings-driven
operating
strategies
to
develop
these
properties
into
successful
metropolitan
radio
stations.
The
Company
applies
a
variety
of
broadcast
engineering
techniques
to
the
radio
broadcast
properties
it
acquires,
including
Synchronized
Total
Market
Coverage
(STMC).
STMC
consists
of
acquiring
two
or
more
stations
that
broadcast
on
the
same
frequency
and
simulcasting
their
signals
to
achieve
broad
coverage
of
a
targeted
metropolitan
market.
In
addition
to
STMC,
the
Company
intends
to
employ
other
broadcast
engineering
techniques
to
enter
major
metropolitan
markets
at
attractive
valuations.
The
Company
owns
station
groups
in
Los
Angeles,
New
York,
Chicago
and
Phoenix. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | YFM
acquires
and
operates
radio
broadcast
properties
in
or
adjacent
to
major
metropolitan
markets.
As
of
12/99,
the
Company
owned
three
stations
in
Los
Angeles,
four
in
NY,
six
in
Chicago
and
four
in
Phoenix.
For
the
six
months
ended
6/30/01,
revenues
fell
12%
to
$10.1
million.
Net
loss
rose
3%
to
$16.5
million.
Results
reflect
lower
revenues
from
the
New
York
Stations
and
the
Chicago
Stations,
partially
offset
by
the
absence
of
a
$550
thousand
station
acquisition
agreement
abandonment
cost. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stuart Subotnick, 59 Chairman | -- | Charles Fernandez, 39 Pres,
CEO, Director | $450K | Paul Thomson, 44 CFO,
VP, Treasurer | 268K | Silvia Kessel, 50 Exec.
VP | -- | David Persing, 43 Exec.
VP, Gen. Counsel, Sec., Director | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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