robfwb said:
Neither. Qantum (no "u") is a company owned by Nautic Partners, LLC, a private equity firm in Connecticut. Nautic owns dozens of companies in a variety of industries. Qantum is their radio company. Private equity firms make money for their investors by buying low-performing companies--or creating new companies--and then growing them... and selling them. Kind of like "flipping" houses. By keeping these outfits private they avoid the direct pressure of Wall Street, but since their whole business revolves around "buying low and selling high," there is still pressure to grow, grow, grow the revenue and keep expenses as low as humanly possible. Because ultimately it's all about cash flow. The buy-sell window for these kind of outfits is usually 5 to 7 years, because the investors aren't in it for life--they put their $$$ in and they want to get their $$$ back with interest within a reasonable time frame.