Next Media Group
NextMedia Group is an out-of-home media company headquartered in Greenwood Village, Colorado. NextMedia owns and operates 33 AM and FM stations (NextMedia Radio), 5,700 outdoor advertising display across several regions and markets (NextMedia Outdoor), as well as an interactive division (NextMedia 360).
The Company failed to offer shares to investors in 2003, and stopped reporting its quarterly financial reports to the Securities and Exchange Commission during the third quarter of 2003, at which time it reported a long term debt obligation of some 300 million dollars; 200 million dollars of long term debt was refinanced in 2006. Co Founder of the Company, Carl Hirsch, left in 2007 to become a founding partner of GoodRadio LLC based in West Palm Beach, FL . NextMedia Group is now owned by several private equity firms.
NextMedia Group filed for Chapter 11 bankruptcy protection on December 21, 2009, which transfers 95% of equity in the company to second-lien holders.
On May 27th, 2010 NextMedia emerged from Chapter 11 Bankrucy protection.
Read more about Next Media Group: Radio Stations, Websites
Famous quotes containing the words media and/or group:
“Few white citizens are acquainted with blacks other than those projected by the media and the so—called educational system, which is nothing more than a system of rewards and punishments based upon one’s ability to pledge loyalty oaths to Anglo culture. The media and the “educational system” are the prime sources of racism in the United States.”
—Ishmael Reed (b. 1938)
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—John Dos Passos (1896–1970)