This acquisition is a terrific addition to the company and will help us to grow and better serve our communities in the Midwest
CEDAR RAPIDS, Iowa (PRWEB) September 12, 2007
NRG Media is owned by Alta Communications a Boston based private equity firm, an affiliate of WaittCorp., an affiliate of Omaha based McCarthy Group, and management. "This acquisition is a terrific addition to the company and will help us to grow and better serve our communities in the Midwest," said Quass "Our focus is to provide all of our markets with Great Local Radio and we are committed to being an active and integral part of the communities we serve." NRG Media originated from a 2005 consolidation of radio stations owned by Waitt Media and NewRadio Group.
About NRG Media LLC
NRG Media is one of the largest radio network in the country with more than 80 radio stations throughout 7 states in the Midwest. The company is headquartered in Cedar Rapids, Iowa.
About McCarthy Capital Corp.
McCarthy Capital is an Omaha, Nebraska based private equity firm with approximately $1 billion under management. McCarthy Capital is a subsidiary of McCarthy Group, LLC.
About Alta Communications
Alta Communications is a Boston-based private equity firm. Alta invests in information technology, communications, and media. Alta currently has approximately $1.5 billion of capital under management.
About WaittCorp. LLC
WaittCorp. was founded in 1998 as a holding company for Chairman Norm Waitt, Jr.'s investments and operating companies; NRG Media, Gold Circle Films, Waitt Outdoor and Waitt Interactive. WaittCorp. also has investments in the following industries: real estate, energy, public securities and private securities.