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Emerald City Radio Partners, L.P. (the “Company”) is a Delaware limited partnership. The Company is involved in the acquisition, ownership and operation of radio stations. The Company’s Senior Management includes Kent Burkhart, Robert E. Long and Paul W. Robinson, both experienced radio executives. Through Company affiliates and associated partnerships, ECRP has owned and operated 21radio stations in the Santa Rosa, California, Charleston and Columbia, South Carolina, Wheeling, West Virginia, Chattanooga, Tennessee, and the Honolulu, Hilo, and Kona, Hawaii markets. Financial partners have included Allied Capital Corporation, GE Capital Corp, and PNC Equity Management. The company expects to announce a series of new acquisitions in medium-sized Arbitron rated markets in the next 12 to 18 months. Mr. Burkhart has a distinguished career in radio as a group owner and a major-market radio group President. He has also been the founder of two radio networks and Burkart-Abrahms-Douglas, which was arguably the biggest radio consulting firm through the 1990's with over 900 clients, including MTV. Mr. Long entered the radio business in 1985 as Chairman and co-founder of Southern Starr Broadcast Group, Inc. (NASDAQ: “SSBG”), which eventually owned and operated twelve radio stations in New Haven (3), Biloxi, MS (4), Orlando-Daytona Beach, FL (2), Little Rock, AR and Norfolk, VA (1). In March of 1995, Southern Starr was sold to Multi-Market Radio, which then merged into SFX. Mr. Long is a long sitting member of the Board of Directors at Allied Capital. Mr. Robinson began his radio career in 1971 eventually working in programming sales and management at O & O's with ABC, CBS and NBC. His first ownership opportunity came in 1985, Robinson is also the founder of Broadcast Trustee Management, Inc. (“BTMI”), a firm that has been consulting senior lenders and venture capitalists in the disposition of financially distressed broadcast properties since 1989. Through BTMI, Mr. Robinson was responsible for the management and eventual sale of over 18 radio stations, 10 of which were in top 100 markets. By virtue of their impaired financial state, the majority of these properties were considered “turn-arounds”. Robinson took steps which significantly improve operating income prior to disposition, thereby maximizing recovery rates for BTMI's clients. He started ECRP in 1997 with a former BTMI client serving as the company's first equity investor. |
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