Metro Detroit: Newsmakers Feb 4 - 6

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Citadel and Disney finalize radio deal

Transaction results in sale of Detroit stations News-Talk WJR-AM 760, Adult Hits WDRQ-FM 93.1, and Hot Adult Contemporary WDVD-FM 96.3. The Detroit Radio Disney station, WFDF-AM 910, will continue under the ownership of Disney.


* In a $2.7 billion deal announced today, 22 ABC Radio stations and the ABC Radio Networks will be combined with Citadel Broadcasting to create a group that will own 243 radio stations in over 50 markets. The newly combined company, to be named Citadel Communications, will be led by current Citadel CEO Farid Suleman. Through a 10-year licensing agreement, Citadel will deliver ABC News radio programming, but ABC parent Disney will continue to distribute ABC News content in other formats such as broadband, wireless and satellite. ESPN Radio and Radio Disney are not included in the deal. Citadel, ABC announce merger (Mon 2/6)


* Citadel Purchases Most Of ABC/Disney's Radio Assets: The WALT DISNEY CO. and CITADEL BROADCASTING have approved a definitive agreement to combine ABC RADIO -- which includes 22 radio stations and the ABC RADIO NETWORKS -- with CITADEL BROADCASTING. The newly-combined company, to be named CITADEL COMMUNICATIONS, will be the third largest radio group in the U.S. "Our ABC RADIO business represents a premier set of assets that have been exceptionally well-managed. ABC RADIO and CITADEL are a strong strategic fit that will create one of the country's largest radio station groups," said DISNEY CO. Pres. and CEO ROBERT IGER. "With this merger we have a unique opportunity to offer DISNEY shareholders ownership in a new radio leader that will be well positioned for long-term success."

CITADEL CEO FARID SULEMAN will be CEO and lead the management team of the new company. "By joining forces to form CITADEL COMMUNICATIONS, our new company can continue to deliver on CITADEL's impressive record of success as well as pursue many exciting growth initiatives in the future," said SULEMAN. "We look forward to welcoming our talented new colleagues at ABC RADIO who have a long history of strong market performance, and are eager to work together to integrate ABC's top-notch assets into our new strategically enhanced radio group."

As mentioned, the merger includes the ABC RADIO NETWORKS, which create and distribute programming to more than 4,000 affiliates. The programming includes syndicated radio programs such as PAUL HARVEY NEWS AND COMMENT, THE SEAN HANNITY SHOW, and THE TOM JOYNER MORNING SHOW, as well as 24/7 music formats. Additionally, through an exclusive 10-year licensing agreement, CITADEL COMMUNICATIONS will deliver ABC NEWS RADIO programming to terrestrial radio stations. DISNEY will continue to retain rights to deliver ABC News content in other formats such as broadband, wireless and satellite.

After the transaction, CITADEL COMMUNICATIONS will be comprised of 177 FM stations and 66 AM stations, in addition to the ABC RADIO NETWORKS. As part of the transaction, 14 FM and 8 AM ABC radio stations in nine major markets, including NEW YORK, LOS ANGELES, CHICAGO, SAN FRANCISCO and DALLAS, will join CITADEL COMMUNICATIONS. ESPN RADIO and RADIO DISNEY are not included in the transaction.

Following the completion of the merger, DISNEY shareholders will own approximately 52% of CITADEL COMMUNICATIONS, and DISNEY will retain $1.4 to $1.65 billion in cash depending on the market price of CITADEL BROADCASTING at the time of closing. CITADEL shareholders will own the remaining 48% of the combined company. Valued at approximately $2.7 billion, the deal is expected to be completed by the end of the year, subject to regulatory approvals. All Access.com (Mon 2/6)


* Disney to merge ABC Radio Network, Citadel (Associated Press, Mon 2/6)



The 5th Annual “Women Who Make Magic®” Awards

WMGCMagic 105.1 (WMGC-FM), home of Jim Harper & The Magic Morning Show, is kicking off the 5th Annual “Women Who Make Magic®” Awards. Magic 105.1, along with Kroger, Health Alliance Plan (HAP) and Wright & Filippis, is proud to accept nominations for “Women Who Make Magic®.” Do you know a woman who has made some magic in your world? Please send your nominating stories to:

Women Who Make Magic®
Magic 105.1FM
One Radio Plaza
Detroit, MI 48220

You can also e-mail your nomination to: women@detroitmagic.com. Please include a photo of your “Magical” nominee!

Every Friday morning through May, Jim Harper & The Magic Morning Show will recognize two amazing “Women Who Make Magic.” Each nominee will receive two tickets to attend the Women Who Make Magic® Awards Banquet at the Andiamo Celebrity Showroom in Warren and a $50 Kroger gift card. The 5th Annual Women Who Make Magic Awards Banquet and Dinner will be held on Thursday, June 12th at the Andiamo Celebrity Showroom on 14 Mile in Warren. More details, including ticket information, will be announced in the coming weeks.



Red Wings, U.S. Hockey star Chris Chelios shines under the FSN Detroit “Spotlight”

FSNThe latest installment of FSN Detroit's Spotlight profiles Detroit Red Wings defenseman, U.S. Olympic team captain and future Hall of Famer Chris Chelios. Spotlight: Chris Chelios airs Sunday, February 12 at 10:00 PM (or immediately after ACC basketball) and is repeated Monday, January 13 at 7:00 & 10:00 PM. The episode is narrated by FSN's Red Wings analyst Mickey Redmond. Spotlight is a series of original half-hour programs profiling some of the region's prominent sports personalities. Each episode combines the perspectives of the person profiled along with fresh and historical footage to tell the story.

From humble beginnings to success at every stop – NCAA champion, Olympic medalist and captain, Norris Trophy winner, Stanley Cup champion – Chelios is arguably the best American-born player ever. Spotlight examines how Chelios acquired his signature toughness and beat the odds to reach his hockey dreams. The show also addresses how Chelios, once an arch villain to Red Wings fans, made the transformation to becoming an entrenched Detroiter, where he is raising his family and operating as a successful restaurateur. In addition to Chelios, others appearing in the episode include Detroit teammate Niklas Lidstrom and Red Wings general manager Ken Holland.



All Access.com

Big Boy In Da Hizzouse At WKQI: CLEAR CHANNEL/MICHIGAN Regional VP/Programming DOM THEODORE has announced the arrival of "BIG BOY" as the new night show on WKQI (CHANNEL 955)/DETROIT effective immediately. BIG BOY, which seems like a nom de aire, is inbound from FLINN Top 40 WHBQ/MEMPHIS, where he did nights. (Mon 2/6)



'JR to broadcast from Chicago Auto Show

Morning host Paul W. Smith will broadcast his 6-9 AM morning show
live from the 2006 Chicago Auto Show at the McCormick Place.

 

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About this Entry

This page contains a single entry by Mike Austerman published on February 6, 2006 6:30 PM.

West Michigan: Newsmakers Jan 30 - Feb 5 was the previous entry in this blog.

WYCD Country Cares For Kids Radiothon is the next entry in this blog.

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