After his successful turnaround of WTXX, Waterbury, Mike Finkelstein Odyssey Partners joined with a mandate to establish a communications company. From 1982-1985, he acquired three more stations, funding each as an independent partnership. However, the increasing competition has caused some of its stations to experience cash deficits. Finkelstein have to decide whether to sell the stations to keep and fund them from the Odyssey Capital Partners or integrate them into a single company with a new f … Read more »

After his successful turnaround of WTXX, Waterbury, Mike Finkelstein Odyssey Partners joined with a mandate to establish a communications company. From 1982-1985, he acquired three more stations, funding each as an independent partnership. However, the increasing competition has caused some of its stations to experience cash deficits. Finkelstein have to decide whether to sell the stations to keep and finance, it is based from the Odyssey Capital Partners or integrate them into a single company with a new financial structure to zero-coupon bonds.
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from
Carliss Y. Baldwin,
Charles Bryan,
Ken Leet
Source: Harvard Business School
15 pages.
Publication Date: Aug 15, 1986. Prod #: 287021-PDF-ENG
Mike Finkelstein (B) HBR case solution