Cumulus Media, Inc. will acquire WNNF-FM (Radio 94.1) and WOFX-FM (92.5 The Fox) later this month, in a deal signed last week and announced yesterday, according to John Kiesewetter's latest blog.
It's reported that the deal also involves five stations in Green Bay, Wisconsin and should be finalized by month's end.
You'll recall that Clear Channel was ordered to sell either these two or WKFS-FM 107.1/WLW-AM 700 in order to prohibit a monopoly, as Bain Capital and Thomas H. Lee Partners control Cumulus Media Partners, the privately held company operating the 3 Cincinnati Cumulus stations (WGRR-FM 103.5, WRRM-FM 98.5, WFTK-FM 96.5 are the Cumulus stations currently). So Cumulus will now control 5 FM's while Clear Channel will have 2 FM's and 4 AM's, and Bonneville controls 4 FM stations.
Anticipate some DJ's not making the transition from CC to Cumulus, and expect changes on 92.5 and 103.5.
Switching to Wordpress
3 years ago