This is an interesting development. The investors in Nova M Radio will be able to take a look at the books, pursuant to SEC rules. So, this may be an effort to both raise funds and convince people to invest in Nova M Radio, which now carries the Mike Malloy Show.
Combined with the news of a prospective buyer for Air America Radio, we may see more growth in progressive talk this year.
Nova M Radio hits Wall Street
Thanks to Tom Bustamante of Ludlow Capital, who dropped an email with this announcement:
NEW YORK--Jan. 19, 2007– Nova M Radio, Inc., a national progressive talk radio network announced they have retained New York based Ludlow Capital, Inc. to assist the company with investor relations and the process of going public.
Dr. Michael Newcomb, the CEO and Chairman of Nova M Radio commented, "We are very pleased to bring New York based Ludlow Capital on board to assist and guide us through the process of bring our company public. We now feel ready to take the next step in building one of the nation’s largest and most successful progressive talk radio networks. We will continue to build upon the foundation laid by our predecessors and will work tirelessly to fulfill our fiduciary responsibilities to our investors. Equally important, we will with our millions of faithful listeners uphold our vision to promote freedom, social justice, economic justice and peace worldwide.”