Home Page News Briefs People Media Telecom Archives About Us
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers Classifieds

Standard buys out partner Iceberg Media as radio webcaster gives up on markets

News | 05/31/2002 4:00 am EDT

Iceberg Media.com Inc. is supporting a $1.3-million takeover by Standard Radio Inc. as the only alternative to shutting its doors. On May 22, the company announced that Standard would be tendering an offer to purchase all outstanding shares at $0.05 each, a measure already agreed to by Iceberg and partners Newfoundland Capital Corp. and Universal Studios Canada Ltd. It’s expected that CHUM Ltd., which owns 16.5% of Iceberg, will also tender its shares as part of the takeover.

To keep reading, get a free trial.

Already a Subscriber?

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com