Westwood protests its placement on Forbes' "Risk List"
The New York-based syndicator and Metro Networks producer says Forbes' recent article is “misleading and based on outdated and inaccurate information.” It says that prior to its publication, the company told outside firm Audit Integrity that the story “failed to appropriately reflect Westwood One’s 2009 recapitalization” by the Gores Group. Forbes did post a note on January 20 that Westwood “did not respond to requests for comment about inclusion on the Forbes Risk List.” The pushback by Westwood may have helped the stock on Thursday: “WWON” rose 13% to $4.24. Follow its latest trading activity here.
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