Taken from the Motley Fool Evening News, 6/6/97:
"CHILDREN'S BROADCASTING CORP. (Nasdaq:AAHS) leapt $2 1/4 to $5 7/8 today after the downtrodden producer of radio shows for pre-teens announced the sale of a number of radio stations throughout the U.S. With a market capitalizationof little more than $18 million yesterday, news that the company had made a significant strategic change and sold all of its AMradio stations to Global Broadcasting Corp. for $72.5 million caused a number of investors to take another look at the company. Until today, Children's Broadcasting owned and operated more than 32 stations, running programming for children on them 24 hours a day." |