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Article: Cox Radio Enters Into Agreement in Principle to Acquire Fourth FM Station in Miami.
- Article from:
- PR Newswire
- Article date:
- February 10, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- 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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