| Ticker: CBCA | 12655 N. Central Expressway, Suite 405, | |
| Exchange: NASDAQ-National Market | Dallas, Texas 75243 | |
| Industry: Service | (214) 239-6220 |
| Type of Shares: | Class A Common Shares | Filing Date: | 10/19/95 | |
| U.S. Shares: | 5,360,000 | Offer Date: | 2/9/96 | |
| Non-U.S. Shares: | 1,340,000 | Filing Range: | $15.00 - $18.00 | |
| Primary Shares: | 6,700,000 | Offer Price: | $20.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.35 | |
| Offering Amount: | $110,550,000 | Selling: | $0.81 | |
| Expenses: | $1,350,000 | Reallowance: | $0.27 | |
| Shares Out After: | 17,525,455 |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| BT Securities Corporation | Co-manager | (212) 250-5000 |
| CS First Boston | Co-manager | (212) 909-3312 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-1172 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $26.32 | $47.92 | $13.03 | Assets: | $240.23 |
| Net Income: | -$0.11 | -$9.30 | $1.20 | Liabilities: | $184.23 |
| EPS: | -$0.02 | -$1.05 | $0.29 | Equity: | $56.01 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company, after the acquisition, is the third largest company in the United States exclusively devoted to radio broadcasting and the fifth largest radio broadcasting company in the United States overall, based on 1994 net revenues. The company owns 33 stations (21 FM and 12 AM) located in 15 of the 40 largest MSAs in the country, including seven of the top ten MSAs. The company is committed to acquiring and operating radio stations that management believes will benefit from its strategies to maximize broadcast cash flow by increasing revenues and controlling operating expenses. The company focuses on owning and operating radio stations in the top 40 U.S. markets, which account for a disproportionately large percentage of radio advertising revenue. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the acquisition by Chancellor Broadcasting of Trefoil Communications, Inc. Other uses for the proceeds could include the repayment of debt, to pay related fees and expenses and other general corporate purposes including working capital and the possible acquisition of radio stations. |
©1996 IPO Data Systems, Inc. - All rights reserved.