Newsmakers and links: Aug. 30, 2013

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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.

 

AllAccess.com:

Official: Cumulus Buys Dial Global, Spins Some Stations To Townsquare; Peak Stations Sold To Townsquare, Fresno Spun To Cumulus (Fri, 8/30)

 

Cumulus Media press release here (pdf)

 

Townsquare Media press release here

 


 

WXYZ-TV Ch. 7 Detroit:

WXYZ-TV is pleased to announce that Simon Shaykhet will be joining the 7 Action News team as a reporter. Shaykhet is a native Detroiter who has worked on both sides of the camera.

Full story: Simon Shaykhet joins WXYZ-TV as a reporter (Thu, 8/29)

 


 

AllAccess.com:

MAUMEE VALLEY Southern Gospel WPOS (102.3)/HOLLAND-TOLEDO, OH is preparing to flip to Contemporary Christian. According to PD/CLIFF SMITHERS, the plan is to begin stunting on LABOR DAY, and officially relaunch as PROCLAIM FM on MONDAY 9-9 at 6a ET.

Full story: WPOS Flipping To Contemporary Christian (Fri, 8/30)

 

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About this Entry

This page contains a single entry by Mike Austerman published on August 30, 2013 9:53 AM.

Newsmakers and links: Aug. 27, 2013 was the previous entry in this blog.

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