| Capstar Broadcasting Partners, Inc. | |||
| Proposed Ticker: | - | 600 Congress Avenue, Suite 1400 | |
| Exchange: | New York Stock Exchange | Austin, TX 78701 | |
| Industry: | Transportation (SIC Code 4832) | (512) 404-6840 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 4/16/97 | |
| U.S. Shares Filed: | 0 | Filing Price: | - | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $100,000,000 | |
| Primary Shares: | 0 | Expenses: | - | |
| Secondary Shares: | 0 | Shares Out After: |
| Manager | Tier | Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Alex. Brown & Sons Incorporated | Co-manager | (410) 895-2700 |
| BT Securities Corporation | Co-manager | (212) 250-5579 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| Issuer's Law Firm: | Vinson & Elkins |
| Bank's Law Firm: | Cahill Gordon & Reindel |
| Auditor: | Coopers & Lybrand |
| Registrar/Transfer Agent: | Harris Trust Company |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/96 | 12/31/96 | |||
| Revenue: | $33.65 | $11.13 | Assets: | $238.57 | |
| Net Income: | -$2.24 | -$3.76 | Curr Assets: | ||
| EPS: | -$0.04 | Liabilities: | $147.43 | ||
| Prior EPS: | -$0.05 | Curr Liabilities: | |||
| Cash Flow/Oper: | $1.24 | Equity: | $91.14 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is the largest radio broadcaster in the United States operating exclusively in mid-sized markets. The company currently owns and operates or provides services to 99 radio broadcasting stations in 28 mid-sized markets located primarily in the northeastern, southeastern and western United States. The company has entered into seven agreements to acquire 32 additional stations in seven new markets (including ten stations in four new markets for which the company currently provides services pursuant to an LMA) and three existing markets, which acquisitions are expected to occur subsequent to the Offering. Upon the completion of the Pending Acquisitions, the company will own and operate or provide services to 121 radio broadcasting stations in 31 mid-sized markets located throughout the country. These stations comprise the leading radio group, in terms of revenue share and/or audience share, in 20 of these markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness incurred in connection with the Benchmark Acquisition. |