SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 10, 2001
NBG RADIO NETWORK, INC.
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(Exact name of registrant as specified in its charter)
Nevada
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State or other jurisdiction of incorporation
0-24075 88-0362102
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(Commission File Number) (IRS Employer Identification Number)
520 SW Sixth Avenue, Suite 750, Portland, Oregon 97204
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(Address of Principal Executive Offices) (Zip Code)
(503) 802-4624
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(Registrant's telephone number, including area code)
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Item 5 Other Events and Regulation FD Disclosure.
NBG Radio Network ("NBG") announced that it has completed the acquisition of
Glenn Fisher Entertainment Corporation ("Fisher Entertainment"), a leading
supplier of programming to the radio industry. This acquisition is a step to
further NBG's long-term strategic plan of expanding its programming and
acquiring complementary companies that will strengthen its position in the
marketplace.
The Fisher Entertainment acquisition will result in the following programs being
added to NBG's inventory: Al Bandiero's Jammin' Party--hosted by WTJM/New York
personality Al Bandiero, this show highlights the biggest R&B hits that crossed
over into the Top 40 charts; The Ed Tyll Show--a caller intensive Talk radio
show with mass appeal; The John & Jeff Show--a widely popular show featuring two
thirty-something guys talking daily from their LA-based studio about pop
culture; The Liz Wilde Show--a highly entertaining and controversial Hot Talk
program with an exceptionally loyal following; Beyond The Beltway--a political
program hosted by Bruce DuMont; Wireless Flash--one of the most successful prep
services in the country, with a focus on pop culture news and entertainment; The
Bo Reynolds Show--a proven ratings winner showcasing non-stop hot Country music
with exclusive artist interviews; Victory--a weekend show featuring Contemporary
Christian music and celebrity interviews with uplifting themes; and The Wake Up
Show--a world-renowned Hip Hop show featuring Sway & Tech.
NBG acquired Fisher Entertainment by purchasing the outstanding stock held by
its founder and sole shareholder, Glenn Fisher, for approximately $5.3 million
in cash. The acquisition was financed through a $6.2 million credit facility
with MCG Finance Corporation. The credit facility is secured by all of the
assets of NBG - including the stock of NBG's subsidiaries - and is structured to
allow for the possibility of an additional $10 million in funding to finance
future strategic acquisitions.
Glenn Fisher will hold no formal management position with NBG or Fisher
Entertainment, but has signed a three-year exclusive consulting contract with
Fisher Entertainment.
NBG's press release describing the acquisition is attached as Exhibit 99.1 and
is incorporated by reference.
Item 7 Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NBG RADIO NETWORK, INC.
(Registrant)
Date: July 10, 2001 By: /s/ John J. Brumfield
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John J. Brumfield
Chief Financial Officer and
Vice President, Finance
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