As part of an announced "realigning" of its broadcast media holdings, Cox Media Group will sell off its radio station clusters in six markets: Birmingham; Greenville, SC; Hawaii; Louisville; Richmond, VA and Southern Connecticut. Cox is also selling its TV stations in El Paso; Johnstown, PA; Reno, NV and Steubenville, OH.
This realignment also adds four TV stations to Cox Media Group in Jacksonville, FL and Tulsa, OK, which it purchases from Newport Television. This transaction is expected to close in the fourth quarter of the year.
"This simplified structure will enable CMG to capitalize on continued growth and synergies, while retaining its size financially," said CMG President Doug Franklin. "All of our media outlets, regardless of size, are valuable, profitable brands with strong futures thanks to the hard work and dedication of our talented professionals who serve their audiences, advertisers and communities. We thank the leaders and employees in the locations we're selling for their outstanding contributions to this company over the years and the valuable service they will continue to provide their respective communities."
Simultaneously, CMG is realigning its leadership structure to fit its new portfolio. The company says its new structure "will provide even more focus on the specific media platforms (newspaper, radio, TV), while continuing to drive collaboration and growth."
Former Group VP Kim Guthrie is CMG's new SVP responsible for radio markets, and former Austin American-StatesmanPublisher Jane Williams is the company's new SVP responsible for TV markets, both reporting to BillHoffman, EVP over broadcast.
Former Group VP Rich Reis is now VP/GM of Digital Operations reporting to EVP Neil Johnston. As previously reported, former Group VP Ben Reed is now VP/Market Manager of Atlanta radio reporting to Guthrie. Ben succeeds Dan Kearney, who is now VP/Market Manager of Miami radio. Kearney succeeds Jerry Rushin, who is retiring from the company later this month.
The Cox Media Group stations up for sale are:
Birmingham (Gospel WAGG-AM, Urban/CHR WBHJ-FM, Urban AC WBHK-FM, Classic Hip-Hop/R&B WENN-AM, Country WZZK-FM, Sports WZNN-FM, Classic Hits WBPT-FM, and CMG's contract rights for Urban WALJ-FM)
Greenville (Urban AC WJMZ-FM/HD3, Rhythmic CHR WHZT-FM)
Hawaii (Soft AC KRTR-AM, AC KRTR-FM, Rhytmic CHR KPHW-FM, Hawaiian CHR KCCN-FM, Hawaiian AC KINE-FM, Traditional Hawaiian KKNE-AM)
Louisville (Classic Country WRKA-FM, AC WVEZ-FM, Classic Hits WSFR-FM, Country WQNU-FM)
Richmond (CHR WHTI-FM, Country WKHK-FM, Classic Rock WKLR-FM, Triple A/Modern AC WURV-FM)
Southern Connecticut (Rock WPLR-FM, AC WEZN-FM, Classic Rock WFOX-FM, and CMG's contract rights for UrbanAC WYBC-FM)