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  • American City Business Journalslast month

    FAB Universal to spin off unit to shareholders

    Pittsburgh-based FAB Universal announced plans to spin off its podcast hosting division to shareholders early next month. FAB Universal (FABU) said the spin off would take place Aug. 1, with shareholders receiving a share of common stock in Liberated Syndication Inc. for each share of FAB Universal stock held on Wednesday. It was acquired by FAB Universal's predecessor company, Wizzard Software Corp., in 2007.

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