Huge radio deal will directly involve stations in Michigan
Details have been released on the sale of 53 radio stations worth $238 million by Cumulus Media to Townsquare Media as part Cumulus' $260 million acquisition of radio syndicator Dial Global.
In Michigan, Cumulus will be selling off its 11 stations in Kalamazoo, Battle Creek and Lansing to Townsquare.
The Michigan stations currently owned by Cumulus that will be moving to Townsquare ownership in Battle Creek/Kalamazoo include: News/Talk WBCK-FM 95.3, Top 40 WKFR-FM 103.3, Adult Contemporary WBXX-FM 104.9, Rock WRKR-FM 107.7 and News/Talk WKMI AM 1360. And in Lansing: Classic Rock WMMQ-FM 94.9, Top 40 WJIM-FM 97.5, Adult Contemporary WFMK-FM 99.1, Country WITL-FM 100.7, Sports WVFN AM 730 and News/Talk WJIM AM 1240. Cumulus also owns an FM translator in Kalamazoo at 102.5 that has a country format. The future of the ownership of Sports WBCK AM 930 is uncertain; that station was placed in a trust as part of a sale between Clear Channel and Cumulus a number of years ago.
Prior to this deal, which will require FCC approval, Townsquare Media owned 11 Michigan stations in Grand Rapids and Flint. According to the press release, Townsquare will own 312 radio stations in 66 markets and have operations in 25 states, making it the third largest owner of radio stations in the United States and the largest, best-capitalized owner and operator of radio stations solely focused on small and mid-sized markets.
Cumulus Media press release here (pdf)
Townsquare Media press release here
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Full story: Simon Shaykhet joins WXYZ-TV as a reporter (Thu, 8/29)
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