Cox Media Group Selling Radio Stations In Six Markets
February 12, 2013

Cox Media Group (CMG) announces it has reached definitive agreements with Connoisseur Media and SummitMedia to sell radio stations in six markets as part of its broadcast portfolio realignment. The broadcast realignment, announced in July 2012, is part of CMG's strategy to focus on larger markets, cross-media collaboration, and heightened impact in fewer markets.

The company has signed an agreement to sell its Southern Connecticut radio stations (WPLR, WEZN, WFOX and contract rights for WYBC) to Westport, CT-based Connoisseur Media. CMG has also signed a separate agreement to sell its radio stations in five other markets to SummitMedia, including:

  • Birmingham (WAGG-AM, WBHJ, WBHK, WENN-AM, WZZK, WZNN, WBPT and CMG's contract rights for WALJ)
  • Greenville, SC (WJMZ and WHZT)
  • Hawaii (KRTR-AM/FM, KPHW, KCCN, KINE and KKNE-AM)
  • Louisville (WRKA, WVEZ, WSFR and WQNU)
  • Richmond (WHTI, WKHK, WKLR and WURV)

"These are all important brands powered by talented media professionals who tirelessly serve their audiences, advertisers and communities," said CMG President Doug Franklin. "We wish all of the employees well and know they will continue to work hard to produce quality entertainment, news and information for their customers and new owners."

The sales are expected to close during the second quarter following receipt of regulatory approvals.

Also, as part of its broadcast realignment, CMG recently added four new TV stations in Jacksonville, FL and Tulsa, OK to its broadcast group. The new stations are WAWS-TV (Fox) and WTEV-TV (CBS) in Jacksonville and KOKI-TV (Fox) and KMYT-TV (MyNetwork) in Tulsa.




 
Breaking News
eQB NOW
The Week In Review: 5/25-5/29
Marketron Executes The First-Ever Real Time Programmatic Spot Buy For Radio
Alpha Media Names Stefan Brock Corporate VP/Interactive
Roadrunner Promotion, Atlantic Records Announces Two Regional Hires
WPLJ/New York Joins Jayde Donovan In Her Apple-A-Day Program
In Brief - May 29, 2015
May 28, 2015
John Sutherland Promoted To VP/Market Manager For Cumulus Providence
iHeartMedia, CW Network And Yahoo Announce The 2015 "iHeartRadio Summer Pool Party"
iHeartMedia And Children's Miracle Network Hospitals Honored For Nationwide Radiothon Campaign
In Brief - May 28, 2015
May 27, 2015
iHeartMedia Connecticut Names Zac Davis PD of WKSS & WKCI
iHeartMedia Phoenix Appoints Spivey And Wolff To APD Posts
Former Dial Global/Westwood One Execs Launch DGital Media
Radio Promotion Executive Bridget Herrmann Joins Crush Music
Sinclair Broadcast Group And iHeartMedia Join Forces For UNCF "An Evening Of Stars"
In Brief - May 27, 2015
May 26, 2015
Michelle Jubelirer Promoted To COO, Capitol Music Group
CBS Radio Phoenix Names Tim Richards VP/Programming
Demi Lovato, Nick Jonas & Phil McIntyre Announce Formation Of Safehouse Records
Free Registration Offered To Radio Show's First-Ever Student Scholars Program
In Brief - May 26, 2015
May 22, 2015
Hubbard Radio Ups Jeremy Sinon To Corporate Digital Director
The Week In Review: 5/18-5/22
KSZR/Tucson Becomes Classic Hip Hop, 97.5 The Vibe
In Brief - May 22, 2015
Music News
Hozier, Nick Jonas And More To Play iHeartRadio Music Festival's Daytime Village
The Week In Review: 5/25-5/29
Quick Hits: Chance The Rapper, Mariah Carey, Michael Jackson, The Doors
Riot Fest Reels In Modest Mouse, No Doubt and More
Quick Hits: Mumford & Sons, MS MR, Fun Fun Fun Fest, Daughtry, The Roots / Philadelphia Music Alliance, Bonnaroo SuperJam
Twenty One Pilots Hit #1 On Billboard 200
Quick Hits: U2, NiFi Festival, Azealia Banks
A$AP Rocky Drops Early Release
Quick Hits: Neil Young, Of Monsters and Men, Chris Cornell, Boston Calling festival, Rob Thomas
Adam Lambert Unveils Two New Tracks
Academy Award-Nominated Actress Hailee Steinfeld Inks Record Deal With Republic Records
Quick Hits: Taylor Swift, Eminem, Enrique Iglesias, Slayer
The Week In Review: 5/18-5/22
Quick Hits: Taylor Swift, Madonna, Little Mix, Roger Waters
Pitch Perfect 2 Comes In At #1
FMQB NOW

Erik Bradley
APD/MD, B96/Chicago

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!