Nassau
Broadcasting Retains SalomonSmithBarney
PRINCETON,
N.J., Aug. 2, 2000 -- Nassau Broadcasting Partners, LP,
a top-20 radio group with 32 radio stations in the Northeastern
U.S., today announced that it has retained SalomonSmithBarney
to explore strategic alternatives in light of the recent
withdrawal of a proposed initial public offering. Tristram
E. Collins, director at SalomonSmithBarney, will act as
lead banker.
President
and Chief Executive Officer Louis F. Mercatanti, Jr. said, "Nassau
has already established a strong and profitable business
between the New York and Philadelphia corridor. We will
soon close on our acquisitions in Westchester County, NY
and Fairfield County, CT. Our strategic plan is intelligent
and aggressive, and its management experienced and knowledgeable.”
