Article: Cox Radio Receives Acceptance of Offer to Acquire WALR-FM Serving Atlanta.

ATLANTA, June 8 /PRNewswire/ --

Cox Radio, Inc. (NYSE: CXR) announced today that its previously announced offer to acquire the capital stock of Midwestern Broadcasting Company, Inc. for $280 million, has been accepted. Midwestern Broadcasting owns WALR-FM serving the Atlanta market. WALR-FM is Atlanta's fourth-ranked radio station among adults 25-54. Under this agreement, Cox Radio will retain the intellectual property of WALR-FM and will broadcast this programming on its WJZF-FM signal serving Atlanta. Pending regulatory approvals, Cox Radio anticipates consummating this transaction in the second half of 2000.

In a related transaction, Cox Radio ...

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