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Article: Cox Radio Completes Acquisition of Miami Radio Station; Adds Fourth FM Station in Nation's 12th Largest Radio Revenue Market.
- Article from:
- PR Newswire
- Article date:
- July 14, 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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ATLANTA, July 14 /PRNewswire/ --
Cox Radio, Inc., (NYSE: CXR) announced today that it has completed its previously announced acquisition of 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 sold the assets of WCCC-FM, WCCC-AM, and WBOQ-FM to certain principals of Marlin Broadcasting for approximately $25 million.
With the addition of WTMI-FM, Cox Radio owns, operates or provide sales and marketing services for 4 FM stations ...