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Luckily, Wilson still had some of that Forstmann Little cash lying around. He called an old Citadel hand, the fortunately named Bob Proffitt, and found a local private-equity firm, Endeavour Capital, that was willing to back Wilson's new venture, Alpha Broadcasting. It paid $11 million for Paul Allen's Portland stations--Allen bought them for about $50 million. Experts say the price premium for radio stations has fallen from 20 times earnings to eight times...

Author: /time Magazine | Title: Rescuing Radio | 11/9/2009 | See Source »

...presidential pardon, but some familiar wheeler-dealers that he either funded or fought in his heyday as Wall Street's junk-bond king have resurfaced, let back in the game by a receding stock market. And they aim to play. The names include Carl Icahn, Henry Silverman, Ted Forstmann, Irwin Jacobs and Henry Kravis--an '80s reprise that almost makes you want to cue the Ramones and slam dance...

Author: /time Magazine | Title: Return Of The Buyout Kings | 2/12/2001 | See Source »

...Sacramento. Overseeing the effort are Joe Gaylord, longtime strategist for Newt Gingrich, and Pat Rosenstiel, a former Midwest political director for Steve Forbes. But few if any big names are expected to high-five with Draper at his campaign podiums. So far, such school-choice advocates as financier Ted Forstmann and Wal-Mart heir John Walton, who have raised $100 million to send poor children to private schools, are steering clear, as are Bush and other elected officials...

Author: /time Magazine | Title: Look Out, It's Voucher Man | 7/17/2000 | See Source »

...nomination until Pataki made him back off. If Giuliani steps aside, says the Pataki adviser, "it's gonna be Rick. All the other names are bulls___." Those names include Peter King, the voluble Congressman who last week was busy working up interest in his candidacy; and Ted Forstmann, a millionaire financier known for his $50 million voucher program to send poor children to private schools. Forstmann's appeal lies in the fact that he could pay his own way, but G.O.P. strategists insist money won't be a problem. "If you or I ran against Hillary Clinton, we'd raise...

Author: /time Magazine | Title: Rudy's Mid-Life Crisis | 5/22/2000 | See Source »

...George Pataki A strong statewide candidate and fund-raising powerhouse, but Rudy's an old rival, and Pataki says he's no understudy. Local Rich Guy Teddy Forstmann Could jump-start his campaign with his own money, and some GOPers love the idea of a slew of Hillary attack ads on someone else's dime. But rich-guy first-timers never win, especially against first l Rep. Peter King A likable fellow and Irish peace player who also voted not to impeach Mr. Clinton, so his standing with conservatives may be shaky. Rep. Rick Lazio Just...

Author: /time Magazine | Title: To Run or Not to Run: That's Rudy's Question | 5/12/2000 | See Source »

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