Déjà vu all over again


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.