EQUITY MEDIA HOLDINGS CORPORATION.
WELCOME. BIENVENIDOS.
Welcome to the new corporate web site of Equity Media Holdings Corporation ("Equity Media"), formerly known as Equity Broadcasting Corporation. Equity Broadcasting Corporation was founded in 1998 and has built and aggregated a total of 121 television stations, licenses and permits including 23 full power stations, 38 Class A stations and 60 low power stations.*
Equity Media has a long-term relationship with Univision, who owns approximately 8% of Equity Media. Equity Media has 15–year affiliation agreements with Univision that includes 15 television stations in the top 75 Hispanic markets in the U.S.
In September 2005, Coconut Palm Acquisition Corp ("CPAC"), a blank check company, raised gross proceeds of approximately $69 million through its IPO via the sale of 11.5 million units. Those units consist of one share of common stock and two warrants, and were offered at $6.00 per unit. There are 23 million warrants outstanding at an exercise price of $5.00, which expire on September 7, 2009. All warrants can be called if stock trades at or above $8.50 for 20 of 30 consecutive trading days, which could yield total potential warrant proceeds of $115 million.
On April 7, 2006, CPAC entered into a definitive agreement to acquire all of the outstanding shares of capital stock of Equity Broadcasting Corporation. On March 30, 2007, the merger was completed and the company was subsequently renamed Equity Media Holdings Corporation. Equity Media listed on the NASDAQ in April 2007 and trades under the ticker: EMDA.
* Includes 2 New York City Stations that are currently under contract.
Welcome to the new corporate web site of Equity Media Holdings Corporation ("Equity Media"), formerly known as Equity Broadcasting Corporation. Equity Broadcasting Corporation was founded in 1998 and has built and aggregated a total of 121 television stations, licenses and permits including 23 full power stations, 38 Class A stations and 60 low power stations.*
Equity Media has a long-term relationship with Univision, who owns approximately 8% of Equity Media. Equity Media has 15–year affiliation agreements with Univision that includes 15 television stations in the top 75 Hispanic markets in the U.S.
In September 2005, Coconut Palm Acquisition Corp ("CPAC"), a blank check company, raised gross proceeds of approximately $69 million through its IPO via the sale of 11.5 million units. Those units consist of one share of common stock and two warrants, and were offered at $6.00 per unit. There are 23 million warrants outstanding at an exercise price of $5.00, which expire on September 7, 2009. All warrants can be called if stock trades at or above $8.50 for 20 of 30 consecutive trading days, which could yield total potential warrant proceeds of $115 million.
On April 7, 2006, CPAC entered into a definitive agreement to acquire all of the outstanding shares of capital stock of Equity Broadcasting Corporation. On March 30, 2007, the merger was completed and the company was subsequently renamed Equity Media Holdings Corporation. Equity Media listed on the NASDAQ in April 2007 and trades under the ticker: EMDA.
* Includes 2 New York City Stations that are currently under contract.
