Triton Radio Networks, a wholly-owned subsidiary of Triton Media Group, has acquired Jones Media Group and its operating companies, Jones Media America, Jones Radio Networks and JonesTM from Jones International Ltd. This gives Triton access to Jones Media Group's national advertising sales representation, digital 24/7 formats, prep services, web content and services, music libraries, imaging and jingles.
Neal Schore, President/CEO of Triton Media Group, said, "This is a very exciting transaction for Triton Radio Networks. [Triton COO] Mike Agovino joins me in welcoming Jones’ employees, advertisers, producers, content providers and station affiliates into the Triton family."
Triton Radio Networks CEO Spencer Brown, commented, "The combination of Dial Global and the Jones Media companies underscores our commitment to providing world-class service to our expanded base of valued advertising clients, producer partners and station affiliates. We look forward to helping our partners continue their growth in both network radio and the digital arena."
Effective immediately, Jones Media America will combine with Dial Global under the leadership of Dial Global’s co-Presidents/CEOs, David Landau and Ken Williams. Landau and Williams stated, "This transaction dramatically increases the scale and scope of the combined companies’ programming and sales options, which will provide our advertising clients with significant and immediate benefits. We are committed to utilizing the company’s expanded platform and resources to enhance the services and value we offer our current and future clients."
The newly combined unit will now offer enhanced syndication, long-form programming, prep services and comedy services. Jones’ 24/7 format business will operate alongside Dial Global’s existing 24/7 business, which it acquired from Westwood One in 2006. JonesTM, a provider of music libraries, imaging products and jingles, will remain a separate unit.