| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Infinity Broadcasting Corporation |
| 40 West 57th Street, New York, NY 10019 * (212) 314-9200 |
| The company is one of the largest radio broadcasting and outdoor advertising companies the United States. |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| NYSE: | INF | Service: | SIC 4832 | |
| Type of Shares: | Class A Common Shares | Filing Date: | 9/18/98 | |
| U.S. Shares: | 140,000,000 | Offer Date: | 12/9/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $19.00 - $22.00 | |
| Primary Shares: | 140,000,000 | Offer Price: | $20.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.82 | |
| Offering Amount: | $2,870,000,000 | Selling: | $0.50 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Post-IPO Shares: | 835,000,000 | |||
| Spin out parent firm: | CBS Corporation | |||
| Employees: | 5800 | |||
| Issuer's Law Firm: | Cravath, Swaine & Moore |
| Bank's Law Firm: | Skadden, Arps, Slate, Meagher & Flom |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 6 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 6/30/98 | 6/30/97 | 6/30/98 | ||
| Revenue: | $1,480.09 | $785,372.00 | $691.39 | Assets: | $10,360.32 |
| Net Income: | $177.63 | $98.32 | $69.31 | Curr Assets: | $540.14 |
| EPS: | Liabilities: | $2,087.97 | |||
| Prior EPS: | Curr Liab: | $243.41 | |||
| Cash Flow/Oper: | $310.87 | $202.71 | $23.44 | Equity: | $8,272.35 |
| Cash Flow/Fin: | -$329.49 | $1,210.64 | -$177.87 | Cash: | $43.39 |
| Cash Flow/Inv: | $21.87 | -$1,392.48 | $23.44 | Working Cap: | $296.72 |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay indebtedness to CBS and for general corporate purposes. |