Word: forstmann
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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...
...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...
...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...
...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...
...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...