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Corporate Financing Case2

Case Study #2: $2.45M Financing for The Tube Media Corp. (public entertainment company)

Les Garland is recognized as one of America´s top radio programming executives. He had a vision: to join the small group of pioneers exploring the new television distribution concept of digital multicasting and to establish a pure, music network that features a bold fusion of the best artists, the best songs and the best images of all time. In March, his firm, The Tube Media Corp., announced it had entered into distribution agreements with two of the country´s leading broadcast television companies: Tribune Broadcasting Company and Sinclair Broadcast Group. Now, The Tube needed financing to execute its business plan, it turned to Palladium Capital Group, which completed a $2.45 Million round of financing within a month.

“It was a pleasure working with Palladium. The Tube Media Corp. is extremely fortunate to gain the support of the investors Palladium brought to this financing.”

David Levy, Chief Executive Officer, The Tube Media Corp