Archway Acquisition

Archway Acquisition

Archway Broadcasting Group, a company formed by a group whose lead partner is Quetzal/ JP Morgan Partners L.L.C. (No. 5 on the BE PRIVATE EQUITY list with $170 million in assets), recently acquired four North Carolina radio stations from Eastern Carolina Broadcasting Co. Inc. for $6.5 million in cash. In addition, Archway acquired the assets of two radio stations from Equity Broadcasting Corp. for $8 million in cash. The two radio stations serve the Little Rock, Arkansas, market. Upon the completion of these deals and others still awaiting FCC regulatory approval, Archway will own 13 radio stations in three Southern markets. Managing members of Quetzal/JP Morgan Partners include Reginald J. Hollinger and Lauren Tyler (both pictured above).

Johnathan Rodgers has been named president and CEO of a new cable television network that will be launched later this year by cable giant Comcast Corp. and Radio One (No. 8 on the BE INDUSTRIAL/SERVICE list with $335.75 in revenues). The new network will target adult African American and urban viewers. Rodgers was president of Discovery Networks U.S., which includes the Discovery Channel, TLC, Animal Planet, Discovery Kids, and the Travel Channel. Prior to joining Discovery, Rodgers, 57, spent 20 years at CBS in a variety of positions.

James H. Bradley, 66, CEO of Bradley Automotive Group (No. 40 on the 2003 BE AUTO DEALER 100 list with $69.32 million in sales) passed away after suffering an asthma attack on April 29. Bradley was born in Detroit on November 26, 1936. Having earned a bachelor’s degree in accounting from Michigan State University in 1959, he held several positions at General Motors before purchasing his first dealership in 1973.