Providence Equity Partners

Information about Providence Equity Partners

Providence Equity Partners
private
Founded1989
HeadquartersProvidence, Rhode Island, USA
No. of locationsNew York, London
IndustryFinance
ServicesPrivate Equity
SubsidiariesNewport Television, LLC
Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. It is one of the largest private investment firms specializing in equity investments in media and communications companies.

The principals of Providence Equity manage funds with over $9 billion in equity commitments and have invested in more than 80 companies operating in over 20 countries since the firm's inception in 1991. Current and previous areas of investment include cable television content and distribution, wireless and wireline telephony, publishing, radio and television broadcasting and other media and communications sectors.

Significant investments include VoiceStream Wireless, Metro-Goldwyn-Mayer, Warner Music Group, Freedom Communications, PanAmSat, AT&T Canada, eircom, Casema, Kabel Deutschland, Telcordia Technologies, Language Line, F&W Publications, USIS, ProSiebenSat.1 (DE), Bresnan Broadband Holdings , The Phones 4U Group (UK) , CanalDigitaal (NL) and TV Vlaanderen (BE) .

The firm has offices in Providence, New York, and London.

Entertainment

On April 20, 2007, Providence Equity Partners entered into an agreement to acquire all of the television stations currently owned by Clear Channel Communications.[1] These stations will be operated through a newly formed holding company known as Newport Television, LLC.

The following stations are owned by Diamond Castle Holdings, L.L.C., but affiliated with Providence Equity Partners. Lamco was purchased by Bluestone Television in 2004 and Bluestone sold to Diamond Castle Holdings, L.L.C:

Current DMA#MarketStationCurrent AffiliationNotes
91.Bristol, Virginia/Tri Cities, VirginiaWCYB 5NBC
WEMT 39FOX
105.New Bern, North CarolinaWCTI-TV 12ABC
130.Redding/Chico/Red Bluff, CaliforniaKRCR 7ABC
KAEF 23ABC (satellite, serves Eureka, California, market #195)Licensed to Arcata, California
164.Abilene, TexasKTXS-TV 12ABC
167.Missoula, MontanaKECI 13NBC
KCFW 9NBC (satellite of KECI for Kalispell, Montana)
194.Butte/Bozeman, MontanaKTVM 6NBC (satellite of KECI)

References

1. ^ [1]

External links

Providence, Rhode Island

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Nickname: Little Rhody, The Ocean State, Beehive of Industry, The Renaissance City, The Divine City
Location in Rhode Island
Coordinates:
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Industry (from Latin industrius, "diligent, industrious"), is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day.
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Service can refer to:
  • Public services, services carried out with the aim of providing a public good
  • A penetrant, as defined by a building code
  • Service (Systems Architecture), the provision of a discrete business or technology function within a systems environment; i.

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A subsidiary, in business, is an entity that is controlled by another entity. The controlled entity is called a company, corporation, or limited liability company, and the controlling entity is called its parent (or the parent company).
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Newport Television, LLC

Private
Founded 2007
Founder Providence Equity Partners and Sandy DiPasquale
Headquarters Kansas City, Missouri

Key people Sandy DiPasquale (president, CEO)
Industry Media
Services Television
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Private equity is a broad term which commonly refers to any type of non-public Ownership Equity securities that are not listed on a public exchange. Since they are not listed on a public exchange, any investor wishing to sell private equity securities must find a buyer in the
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Providence, Rhode Island

Flag
Seal
Nickname: Little Rhody, The Ocean State, Beehive of Industry, The Renaissance City, The Divine City
Location in Rhode Island
Coordinates:
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cable television into the house.]]

Cable television is a system of providing cocoy television to consumers via radio frequency signals transmitted to televisions through fixed optical fibers or coaxial cables as opposed to the over-the-air method used in traditional
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In telecommunication, telephony (IPA pronunciation: [tə'lɛfəˌni]) encompasses the general use of equipment to provide voice communication over distances, specifically by connecting telephones to each other.
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T-Mobile USA, Inc.

Subsidiary of Deutsche Telekom
Founded 2001 as Voicestream Wireless
Headquarters Bellevue, Washington

Key people Robert Dotson – President andCEO
Industry Wireless Services
Products HSDPA, UMTS, W-CDMA, UMA, EDGE, GPRS, GSM
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Metro-Goldwyn-Mayer, Inc.

Subsidiary of Sony, Comcast and their equity partners
Founded April 16, 1924
Headquarters Los Angeles, California, USA
(Metro-Goldwyn-Mayer Studios, Inc.)

Key people Harry E.
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Warner Music Group Corporation

Public (NYSE:  WMG )
Founded 2003
Headquarters New York, NY, U.S.

Key people Edgar Bronfman, Jr., Chairman & CEO
Industry Music & Entertainment
Revenue $3.502 Billion (USD; 2006)
Net income $169.
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Freedom Communications, Inc., headquartered in Irvine, California, owns more than 75 publications newspapers in the US, with a combined daily circulation of more than 1.2 million subscribers, and also operates over seventy local news websites.
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AT&T Canada was the Canadian Subsidiary of American telecommunications company AT&T. It was renamed Allstream when the Canadian unit ceased operations in 2004. AT&T continues to do business in Canada from the United States operations. AT&T Canada was based in Toronto, Ontario.
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eircom Group plc.

Unlisted public limited company - owned by Babcock and Brown Limited and Eircom ESOP Trustee Limited
Founded Dublin, Ireland (1984) (as Bord Telecom Eireann plc.
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Casema

Privately held
Founded January 7 1970
Headquarters The Hague, the Netherlands

Industry Telecommunications
Products cable television
internet connectivity
fixed line telephony
Revenue unknown
Employees ca 800
Website www.casema.
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Kabel Deutschland is the largest cable company in Germany.

Company

Kabel Deutschland operates in 13 of the 16 states (i.e. all but Baden-Württemberg, North Rhine-Westphalia and Hesse). In 2006, of the 15.4 households passed by their cable the company served 9.
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Telcordia Technologies, Inc.

Privately Held by Providence Equity and Warburg Pincus
Founded 1984
Headquarters Piscataway, New Jersey

Key people Mark Greenquist, President and CEO
Industry Telecom Research
Parent Baby Bells (1984-1997)
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Language Line is a language resources company based in London. It was founded by Michael Young, Lord Young of Dartington, as a charitable project in April 1990. The driving force behind this was Young's identification of exclusion faced by ethnic minorities speaking little
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USIS is a four-character combination (4CC) that may refer to:
  • United States Information Service, the overseas name for the (now-defunct) United States Information Agency

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Phones 4u is a large independent mobile phone retailer in the UK. Since opening in 1996, it expanded to 400 stores throughout the United Kingdom.

Advertising

Phones 4u
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Canal Digitaal Satelliet

Private
Founded
Headquarters Hilversum, Netherlands

Industry Telecommunication
Products Direct broadcast satellite
Website canaldigitaal.
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TV Vlaanderen Digitaal

Private
Founded 2006
Headquarters Zaventem, Belgium

Key people K. Pauwels, General Director
Industry Telecommunication
Products Direct broadcast satellite
Website tvvlaanderen.
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April 20 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.

Events

  • 1303 - The University of Rome La Sapienza is instituted by Pope Boniface VIII.

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20th century - 21st century - 22nd century
1970s  1980s  1990s  - 2000s -  2010s  2020s  2030s
2004 2005 2006 - 2007 - 2008 2009 2010

2007 by topic:
News by month
Jan - Feb - Mar - Apr - May - Jun
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Clear Channel Communications

Public (NYSE: CCU )
Founded 1972
Headquarters San Antonio, TX

Key people Mark Mays, CEO & President
Industry Entertainment, Advertising
Products radio, billboards, television
Revenue $2.
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Newport Television, LLC

Private
Founded 2007
Founder Providence Equity Partners and Sandy DiPasquale
Headquarters Kansas City, Missouri

Key people Sandy DiPasquale (president, CEO)
Industry Media
Services Television
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BlueStone Television also known as Bluestone License Holdings Inc. owns television broadcast stations in the United States. It was formed by Sandy DiPasquale and Providence Equity Partners. Its first acquisition was a group of 12 stations from Lamco Communications Inc.
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A media market, broadcast market, media region, designated market area, DMA or simply market is a region where the population can receive the same (or similar) television and radio station offerings, and may also include other types of media
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National Broadcasting Company

Type Broadcast television network
Country  United States
Availability    United States, also distributed in Canada, Mexico, Bermuda and the Caribbean
Founder David Sarnoff
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