We were, to but it mildly, surprised to see an SEC filing pop up late yesterday from Susquehanna Media Co., which no longer exists. But on further examination the filing for a new bond offering was by CMP Susquehanna Radio Holdings Corp. and CMP Susquehanna Corp. The private company, partly owned by public Cumulus Media, has filed to register 250 million in 9 7/8% Senior Subordinated Notes due 2014, previously sold in a private placement. On a pro forma basis, the company shows 2006 revenues of 223,109,000 bucks and broadcast cash flow of 83,919,000, with a loss from continuing operations of 27,370,000.
