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BUSINESS
December 16, 1997 | Associated Press
Top Northern California rock promoter Bill Graham Presents will be sold to a New York firm that hopes to become a major force in the nation's live music industry. Officials at SFX Broadcasting Inc. said the pending $65-million acquisition of BGP, combined with a series of similar deals, will give it several new amphitheaters along with a unique capacity to market and promote concerts in several major U.S. cities. SFX's other pending deals include plans to buy Contemporary Group, based in St.
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BUSINESS
May 5, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
Continuing its dizzying round of acquisitions related to live entertainment, New York-based SFX Entertainment Inc. on Monday said it has purchased five companies for a total of about $225 million. The companies include Avalon Attractions, a leading Los Angeles concert promoter (bought last year by Hickory Valley, Tenn.-based TBA Entertainment Corp.) that has an interest in the 15,500-seat Irvine Meadows Amphitheatre.
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BUSINESS
March 19, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
In a move that would give it a major Los Angeles base and bolster its national reach, New York-based SFX Entertainment Inc. has signed a deal in principle to purchase Los Angeles-based Avalon Entertainment Partners, a leading L.A.-based concert promoter and venue owner, for about $30 million, sources said Wednesday.
BUSINESS
March 19, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
In a move that would give it a major Los Angeles base and bolster its national reach, New York-based SFX Entertainment Inc. has signed a deal in principle to purchase Los Angeles-based Avalon Entertainment Partners, a leading L.A.-based concert promoter and venue owner, for about $30 million, sources said Wednesday.
BUSINESS
November 7, 1997 | From Associated Press
For the first time since a 1996 law set off more than 1,000 mergers among radio stations, the Justice Department sued on Thursday to block one of the deals: Chancellor Media Corp.'s $54-million acquisition of four New York stations. In a complaint filed in U.S. District Court in New York, the department alleged that Chancellor's deal with SFX Broadcasting Inc.
BUSINESS
May 5, 1998 | MARLA MATZER, SPECIAL TO THE TIMES
Continuing its dizzying round of acquisitions related to live entertainment, New York-based SFX Entertainment Inc. on Monday said it has purchased five companies for a total of about $225 million. The companies include Avalon Attractions, a leading Los Angeles concert promoter (bought last year by Hickory Valley, Tenn.-based TBA Entertainment Corp.) that has an interest in the 15,500-seat Irvine Meadows Amphitheatre.
CALIFORNIA | LOCAL
September 19, 1998 | JULIE TAMAKI
The Ventura County Board of Supervisors is scheduled to decide Tuesday whether to acquire a piece of land needed to complete a 16,000-seat amphitheater and golf course in Camarillo. The county would obtain the 43-acre parcel adjacent to Camarillo Regional Park from developer Operating Engineers, a union trust fund.
CALIFORNIA | LOCAL
March 18, 1998 | DAWN HOBBS
The company that recently bought San Francisco-based Bill Graham Presents plans--with the county's blessing--to purchase the rights to a 16,000-seat amphitheater scheduled for development at Camarillo Regional Park. The county Board of Supervisors on Tuesday unanimously approved transfer of the amphitheater assignment from Camarillo Amphitheater Managing Partners, affiliated with Avalon Productions, to New York-based SFX Broadcasting Inc.
BUSINESS
April 1, 1998 | From Associated Press
A proposed radio merger that the Justice Department had challenged was abandoned Tuesday, and the government is requiring the sell-off of 18 radio stations as a condition of approving two other billion-dollar mergers in the rapidly consolidating industry.
BUSINESS
November 13, 1997 | From Times Staff and Wire Reports
Turning its sights on the consolidating movie-theater field, prolific buyout specialist Hicks, Muse, Tate & Furst Inc. agreed Wednesday to buy the company that runs the United Artists Theatre chain in a deal valued at $850 million. Hicks Muse is buying Oscar I Corp., a closely held firm led by affiliates of Merrill Lynch & Co., and the proposed transaction is only the latest in a string of recent merger deals involving theater chains. Last month, for instance, Sony Corp.
BUSINESS
December 16, 1997 | Associated Press
Top Northern California rock promoter Bill Graham Presents will be sold to a New York firm that hopes to become a major force in the nation's live music industry. Officials at SFX Broadcasting Inc. said the pending $65-million acquisition of BGP, combined with a series of similar deals, will give it several new amphitheaters along with a unique capacity to market and promote concerts in several major U.S. cities. SFX's other pending deals include plans to buy Contemporary Group, based in St.
BUSINESS
November 7, 1997 | From Associated Press
For the first time since a 1996 law set off more than 1,000 mergers among radio stations, the Justice Department sued on Thursday to block one of the deals: Chancellor Media Corp.'s $54-million acquisition of four New York stations. In a complaint filed in U.S. District Court in New York, the department alleged that Chancellor's deal with SFX Broadcasting Inc.
BUSINESS
August 26, 1997 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In a deal that would make it the nation's largest owner of radio stations, Dallas-based investment firm Hicks, Muse, Tate & Furst Inc. agreed Monday to buy SFX Broadcasting Inc. in a transaction valued at $2.1 billion. The sale of SFX is one of the last major transactions expected in the rapid consolidation of the radio industry.
BUSINESS
March 15, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
Settling into a plush seat aboard his Gulfstream II jet, Thomas O. Hicks loosens his tie, stretches out his bulky 6-foot-3-inch frame and reaches for the telephone. And for the next 90 minutes, as the oil fields of west Texas pass beneath him, the phone becomes an appendage to Hicks' ear. Hicks is discussing what companies his firm might buy or sell (at a huge profit, he hopes). Don't be fooled by his monotone delivery over the phone.
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