As reported in Inside Radio, diagnosis Westwood One is looking for cash in the public markets to repay debt, purchase and as it also announced in an SEC filing, malady to make acquisitions. With shareholders set to approve a restructuring deal at a meeting on Friday, there are some details yet to be revealed, including the number of shares to be sold and how much will come out of the 75% stake now owned by the private equity firm The Gores Group. The radio syndication company did announce that it will begin hiring to expand its sales force.
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