Debut Broadcasting Corporation, Inc. Receives FCC Approval on Radio Station Acquisitions
Debut Broadcasting Corporation, Inc. Receives FCC Approval on Radio Station Acquisitions
NASHVILLE, Tenn., June 6 /PRNewswire-FirstCall/ -- Debut Broadcasting Corporation, Inc. (NASDAQ:DBTB.OB), a radio broadcasting and syndication company, announced today that it has received FCC approval on the first of two acquisitions pending in the Greenville-Greenwood, Mississippi Market. The acquisitions are WNLA AM and WNLA FM, currently owned by Shamrock Broadcasting, and notably once owned by Eddie Fritz, former President of the National Association of Broadcasters. The Company expects to close on these acquisitions within two weeks.
Jim Wood, Chairman of Debut Broadcasting stated, "We are very excited to receive FCC approval on these acquisitions." He added, "The synergy between these and other properties we have under contract in Mississippi makes them excellent flagship stations for Debut. The combination of our programming content and access to national advertising will add a lot of value to the quality work these stations are doing locally."
About Debut Broadcasting Corporation, Inc.
Debut Broadcasting Corporation, Inc. (NASDAQ:DBTB.OB) is a Radio broadcasting company that creates unique synergies between syndicated programming and station ownership. The Company's nine-year old radio syndication company, Impact Radio networks (www.ImpactRadioNetworks.com) distributes programming and services to over 1,100 radio station affiliates in the United States and Canada, reaching over 40 million listeners nationwide each week. Debut Broadcasting is a newly public company trading under the ticker symbol DBTB.OB. For more information about the company please visit www.debutbroadcasting.com or e-mail ir@debutbroadcasting.com.
Forward-Looking Statements
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan, competition, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
First Call Analyst:
FCMN Contact:
Source: Debut Broadcasting Corporation, Inc.
CONTACT: Marcus Rowe, Director of Marketing and Communications,
+1-615-301-0001, ext. 104, or Investors, Aimee Boutcher, Catalyst Financial
Resources, +1-973 239-2878, both of Debut Broadcasting Corporation, Inc.
Web site:
http://www.debutbroadcasting.com/
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