Article: Cox Radio Completes Atlanta and Houston Acquisitions; Retains Intellectual Property of Leading Atlanta Station, WALR-FM.

Fills in Houston Cluster with Fourth FM Station

ATLANTA, Sept. 5 /PRNewswire/ --

Cox Radio, Inc. (NYSE: CXR) announced today that it has completed its

previously announced acquisition of the capital stock of Midwestern Broadcasting Company, Inc. which owns WALR-FM serving the Atlanta market for $280 million. In a related transaction, Cox Radio also announced that it has completed its asset exchange agreement with Salem Communications Corporation (Nasdaq: SALM) to exchange the license and transmitting facilities of WALR-FM serving Atlanta, as well as the license and transmitting facilities of radio stations KLUP-AM serving San Antonio and WSUN-AM ...

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