Reported by Star-Bulletin staff & wire
Tuesday, February 18, 1997
Reported by Star-Bulletin staff & wire
Tuesday, February 18, 1997
The Hawaii Visitors and Convention Bureau has retained a Japanese company as its meetings and conventions sales representative in Japan. Japanese marketer
sells isle conventionsThe HVCB said International Communications Specialists Inc., part of Japan Travel Bureau Inc., is the largest Japanese planner and operator of conventions.
Under a contract signed while HVCB officials were in Japan earlier this month, ICS will set up and run a Japan sales representative office to create business for the Hawaii Convention Center. The HVCB is responsible for long-term marketing of the convention center, which is set to open in July 1998.
First Hawaiian Bank has opened a financial center in Saipan for automobile dealers. Isle bank opens
Saipan car-finance centerThe new First Hawaiian Dealer Center will provide loans for automobile showroom inventory and will purchase automobile loans and leases, the bank said.
NEW YORK - Evergreen Media Corp. agreed to buy Chancellor Broadcasting Co. and Viacom Inc.'s radio stations for a combined $2.58 billion in stock, cash and debt, to become the nation's largest independent radio broadcaster. Evergreen expands radio operations
Evergreen said it will pay about $1.5 billion for Chancellor and its 51 stations, and $1.075 billion cash for Viacom's 10 stations. The Viacom price is on the steep side, analysts said.
The combined company, to be called Chancellor Media Corp., will own about 103 stations in 21 major markets, including New York, Los Angeles and Atlanta. With estimated revenue of $810 million, it's almost double rival Jacor Communications Inc.