Not the Memo You Want to Get on a Monday

OK, this is not the memo you want to see coming down from Management:

From: Randy Bongarten
Date: September 19, 2016 at 11:43:22 PDT
To: "All Staff (Bonten Media Group)"
Subject: Strategic Alternatives Process

I would like to let you know that Bonten is about to begin a process of considering our strategic alternatives.  What this means is that we are looking at the ownership structure of the Company, and how to best position it for future success.  The outcome may or may not be a sale of the Company.
 
We expect this process to last between three and four months.  During that time, we will be taking a hard look at this, including speaking with potential acquirers. 
 
In the meantime, it is business as usual, and we do not expect this process to impact our operations in any way.  I will keep you informed as I am able.  Please feel free to ask me directly if you have any questions.
 
My thanks, as always, for your hard work and commitment to success.
 
Randy
Randall D. Bongarten
Chairman and CEO
Bonten Media Group

Bonten Media Group has stations in California, North Carolina, Tennessee, Virginia, Montana and Texas. 

According to the companies website, "At Bonten, we are building A Culture of Excellence. That means we are dedicated to not only being leading stations, but also doing it right. "

You know...until we sell all our stations. 

Hang on guys and get that resume updated. 

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