| Business Summary | | Cox
Radio,
Inc.
is
a
national
radio
broadcast
company
whose
business
is
acquiring,
developing
and
operating
radio
stations
located
throughout
the
United
States.
Cox
Radio,
an
indirect
majority-owned
subsidiary
of
Cox
Enterprises,
Inc.,
upon
completion
of
all
pending
transactions,
will
own
or
operate,
or
provide
sales
and
marketing
services
for
83
radio
stations
(68
FM
and
15
AM)
clustered
in
18
markets.
Since
1998,
Cox
Radio
has
actively
managed
its
portfolio
of
radio
stations
through
selected
acquisitions,
dispositions
and
exchanges,
as
well
as
through
the
use
of
local
marketing
agreements
(LMAs)
and
joint
sales
agreements
(JSAs).
Under
an
LMA
or
a
JSA,
the
company
operating
a
station
provides
programming
or
sales
and
marketing
or
a
combination
of
such
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CXR
is
a
national
radio
broadcasting
company
that
operates,
acquires
and
develops
radio
stations
in
the
U.S.
As
of
12/00,
CXR
owns
and/or
operates
83
radio
stations
in
18
markets.
For
the
six
months
ended
6/30/01,
net
revenues
increased
13%
to
$194.4
million.
Net
income
before
accounting
change
decreased
91%
to
$4.3
million.
Revenues
benefitted
from
the
acquisition
of
radio
stations.
Net
income
reflects
the
inclusion
of
a
lower
gain
on
the
sale
of
radio
stations. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| David Easterly, 58 Chairman | -- | -- | Robert Neil, 42 Pres,
CEO | $908K | $1.1M | Neil Johnston, 35 CFO,
VP | -- | -- | Richard Ferguson, 55 VP,
Co-COO | 584K | -- | Marc Morgan, 51 VP,
Co-COO | 595K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|