Capital Broadcasting Owner Dies At Age 67

6-29-14

After a short battle with cancer, Capital Broadcasting's John Webb has died. Webb was owner and GM of KLO, KBZN, and KSQN in Salt lake City. A release from the company said, "John?s vision and dream of a family-run business that engaged its employees in a manner and style that was consistent with his personality, made the Capital Broadcasting group of stations a desirable place at which to work and excel. In a post-consolidation era, there are few remaining family-run radio stations. Capital Broadcasting is committed to retaining the independence that John Webb championed."

View the original article here

Oaktree Capital, The Money Behind Townsquare, Files for IPO.

June 20, 2011

Oaktree Capital has filed for a $100 million initial public offering. "Public ownership is the most widely accepted way to go beyond an entrepreneur-led or family-owned company to be able to live on indefinitely," the SEC filing stated. Oaktree was founded by Howard Marks and Bruce Karsh back in 1995. In the filing, Oaktree said "Since March 31, 2006, we have raised more than $60 billion in assets, including over $10 billion in each of the last four calendar years, despite a difficult fundraising environment. In the 12 months ended March 31, 2011, we raised over $11 billion for 15 strategies from more than 300 different clients" 

Townsquare Media's largest shareholder is a fund managed by Oaktree Capital. Born in 2009, Townsquare has accumulated over 160 stations in more than 30 markets. A lot of those pickups were distressed radio companies, a specialty of Oaktree. CEO Steven Price (pictured) has his eye on growing the company when opportunities come up. Townsquare focuses on small to medium size markets.

Oaktree will use part of the proceeds from the offering to acquire Oaktree Operating Group units from its affiliate Oaktree Capital Group Holdings L.P. (OCGH). Goldman Sachs and Morgan Stanley are underwriting the offering.

Add a Comment Send This Story To A Friend

View the original article here