"David" wrote in message
...
On Mon, 10 Sep 2007 16:18:00 -0700, "David Eduardo"
wrote:


iBiquity is owned by private equity firms and by the major station groups.
It does not put out financials to Wall Street.

The owners of Ibiquity are publicentities who must account for every
penny. Word gets around. HD is a big flop.

There are two groups who "own" iBiquity.

The first, the private capital investors, expect a return on capital. But
they do not always expect instant returns in the form of dividends, etc., or
the same sector would not invest in startups, genetic research, biomed
companies, etc. They expect that, after a number of years, they can either
take the company public or sell to a larger company. These private equity
investors are, by definition, NOT public entities.

The broadcast investors, in my experience, invested to insure a single
technology would be developed, avoiding the multi-technology disputes that
surrounded the AM stereo debacle. They also wanted a single system for AM
and FM, hoping the developed technology might help "drag up" AM before it
became totally unviable. One can almost look at the radio company
investments as if they were donations or seed capital; no radio company is
expecting a return on these relatively small investments that are, I
believe, all less than $10 million each.