Cumulus to Buy DG for $260 Million
Up until now we haven't heard any numbers. This morning The Wall Street Journal says Cumulus will purchase Dial Global for $260 million. Radio Ink can also confirm that Cumulus will sell 53 stations in 12 markets to Townsquare for $240 million and that will include a station swap involving the Boise and Fresno markets. We could not confirm any other markets as of this morning. Sources tell Radio Ink this deal helps Cumulus compete more with Clear Channel's Premiere on content and with ESPN on Sports and helps Cumulus "get to scale quickly." And as a follow up to our small market broadcasters story yesterday, our source tells us they should not worry. "Life just got a whole lot better for them. They will have more tools, not less."
(10/31/2013 10:10:29 AM) |
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(9/12/2013 11:14:16 PM) |
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(9/7/2013 5:00:57 AM) |
U0jfhO Say, you got a nice article.Really looking forward to read more. Will read on...
(8/30/2013 9:36:04 AM) |
"Life just got a whole lot better" for small market Dial Global affiliates? Is that what your "source" thinks, RadioInk? Getting in bed with Lew Dickey?
(8/30/2013 9:25:22 AM) |
How can Cumulus swap involve Boise? They already own a cluster in the market as well as Oak Tree.
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