SBS says no to buyout offer.
February 10, 2008
According to Inside Radio, Spanish Broadcasting System chief Raul Alarcón is under fire for his apparent decision not to sell the company. Discovery Group managing partner Daniel Donoghue says an “important public media company” is interested in a potential transaction – but SBS won’t talk to them. That’s frustrating to investors, who have seen SBS’ stock price fall from to less than $2 a share.
