Broadcast Station Acquisitions: MYTH No. 8: Banking On a 100% Leveraged Purchase
by Erwin G. Krasnow, Doug Ferber & Bishop Cheen
Deal flow speaks volumes about the entrepreneurial appetite for broadcast properties, and with the FCC’s broadcast incentive auction drawing closer, Garvey Schubert Barer attorney Erwin G. Krasnow (email@example.com), DEFcom Advisors CEO Doug Ferber (firstname.lastname@example.org) and SNL Kagan Analyst/Consultant Bishop Cheen (email@example.com) have written an extensive commentary de-bunking common auction myths. Our previous installment discussed the myth that real estate brings value to a deal.
Here, the trio discuss the myth about banking on a 100% leveraged purchase.