Jefferson-Pilot Merger-Sale

[mike704]

Lincoln Financial and Jefferson Pilot Insurance announced a $7.5 billion tax-free merger, with Lincoln emerging as the surviving company. They are planning to hold on to the broadcast division which lincludes radio stations in Charlotte, Miami, San Diago, Denver, and Atlanta. TV stations in Charlotte and Richmond, as well as TV sports production arm JP Sports.

It's unknown how this will affect the broadcast operations but Jefferson-Pilot has a reputation for quality operations having bought their first Radio station WBIG in Greensboro in 1937 followed by WBT in 1945. WBT was purchased from CBS.

MikeM

 

[954]

> Lincoln Financial and Jefferson Pilot Insurance announced a
> $7.5 billion tax-free merger, with Lincoln emerging as the
> surviving company.

It could be worse. What if Clear Channel, Cox,
or James Crystal was the buyer?

;-)

73s from 954<P ID="signature">______________
<center>South Florida Radio Pages</center></P>

 

[sflaradioguy]

> > Lincoln Financial and Jefferson Pilot Insurance announced
> a
> > $7.5 billion tax-free merger, with Lincoln emerging as the
>
> > surviving company.
>
> It could be worse. What if Clear Channel, Cox,
> or James Crystal was the buyer?
>
> ;-)
>
> 73s from 954
>


This is a merger of INSURANCE COMPANIES. The broadcast assets are just being dragged along for the ride. Consolidation is happening in other industries - good or bad. Here's a non-radio example, with a radio "sidebar".