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...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 »

Wilson isn't finished buying. His Alpha Broadcasting hopes to buy another station in Portland, and when revenues hit $10 million, he'll go after another city in the West. It all sounds like the actions of a confident man, but perhaps Alpha's logo is telling. It's a picture of his rescue dog Bear. "It looks like he's cocky and winking at you," says Wilson. "But really he just...

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

...Watching the results come in at the historic Eastland Park Hotel in downtown Portland, Scott Fish of the Stand for Marriage Maine campaign told TIME that the other side had acted with too much haste and too little respect for voters' wishes. "What's the hurry [for gay marriage]?" asked Fish, whose group began seeking a so-called people's veto almost immediately after Maine's Democratic (and Catholic) governor, John Baldacci, signed the gay-marriage bill in May. (See a visual history of gay rights in America...

Author: /time Magazine | Title: Gay-Marriage Activists Look Ahead After Maine Defeat | 11/4/2009 | See Source »

...think that's really tracking the buying patterns that we saw a few years ago. The other trend is, if you follow unemployment patterns, you're seeing pretty significant increases in foreclosure in places that have been hit hard by unemployment. So Fayetteville, Ark., and Boise, Idaho, and Portland, Ore. - places that have not traditionally been foreclosure hot spots have all seen foreclosure activity go up pretty significantly...

Author: /time Magazine | Title: Q&A: The Outlook for Home Foreclosures | 11/3/2009 | See Source »

Daniel Weldon, PORTLAND...

Author: /time Magazine | Title: 10 Questions for Muhammad Yunus | 10/19/2009 | See Source »

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