Article: Cox Radio Enters Into Agreement in Principle to Acquire Fourth FM Station in Miami.

- Expands Presence in Nation's 12th Ranked Radio Revenue Market -

ATLANTA, Feb. 10 /PRNewswire/ -- Cox Radio, Inc. (NYSE: CXR) announced today that it has entered into an agreement in principle to acquire the outstanding capital stock of Marlin Broadcasting, Inc., which owns radio stations WTMI-FM serving Miami, WCCC-FM and WCCC-AM serving Hartford, Connecticut and WBOQ-FM serving Glouchester, Massachusetts, for approximately $125 million. As part of this transaction, Cox Radio will sell the assets of WCCC-FM, WCCC-AM, and WBOQ-FM to certain principals of Marlin Broadcasting for approximately $25 million. The parties intend to complete negotiations of a ...

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