Larry E. Morton was one of the founders of the defunct Equity Broadcasting Corporation, established in 1998 and liquidated in 2009. Prior to forming Equity Broadcasting Corporation, Morton was the president/manager of Las Vegas Media, LLC and Kaleidoscope Affiliates, LLC (1994–1998). Morton was CEO and president of Coconut Palm Acquisition Corp., a venture capital firm, as well as a major stockholder in Acxiom Corporation. His annual compensation from Equity was reported to have been US$390,000 plus options on two million shares of Equity Media Holdings.
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