Mr. Long has served as Chairman of ECRP since 1999, and continues to serve the Company as an investor and an advisor. From 1995 to 1999, Mr. Long served as President and CEO of Business News Network, Inc., a network providing business news/talk and investment strategy programming to affiliated stations nationwide. In 1985, he co-founded Southern Star Broadcasting, a publicly-traded (NASDAQ: SSBG) radio company that owned and operated multiple radio stations in five mid-sized markets. Over the period of his ten years with Southern Starr, Mr. Long served as President and CEO and was responsible for devising the company’s financing plan, which included procurement of first-tier bank loans and private placement of stock with qualified investors. While overseeing company operations, he also engaged in the process of reviewing and analyzing well over 100 potential acquisition targets. During his tenure at Southern Starr, and upon sale of Southern Star to Multi-Market Radio in 1995, the company’s shareholders realized in excess of a 50% return on their investment. Prior to beginning his career in radio broadcasting, Mr. Long advised numerous investors in radio and television companies on acquisitions all across the country. He served as President of Potomac Asset Management Inc., a registered investment advisor, and is still a director of Allied Capital Corp., a Washington, D.C. firm that for many years has provided acquisition financing for numerous radio companies. Allied Capital was an original investor in ECRP. |