Cumulus Buys Dial Global
Sat Aug 31 12:56:58 EDT 2013
Don't they own the an NFL package as well? (Wonder if 'OKQ would cover
From: Mark Watson
Sent: Saturday, August 31, 2013 11:17 AM
Subject: Cumulus Buys Dial Global
All Access and Radio-Info reporting that Cumulus has purchased Dial Global
for $260 million, and will be merged into the Cumulus Media Networks
operating under the name Westwood One. As part of this deal Cumulus is
spinning off 53 stations nationwide to Townsquare Media, including stations
in the Portsmouth/Dover/Rochester and Portland markets. As a result of this
Townsquare is now the third largest radio station owner in the US.
Dial Global offers several satellite fed music formats, including the
"Timeless Favorites" standards/soft AC format airing on WFEA Manchester. I
believe Dial Global also operates the voice tracking service that is being
used outside of AM drive and middays on WBOQ.
The deal also give Cumulus radio distribution rights to radio broadcasts of
NFL games, NCAA basketball, Olympics, AP Radio News, NBC Radio News and
various syndicated programs, some of which (such as the NFL and NCAA) are
heard on either WEEI or WBZ-FM.
Once the station sale is approved, it should be interesting to see how this
will affect the Portsmouth and Portland stations, programming and staffing
wise. WOKQ in Dover is also simulcast on WPKQ 103.7 licensed to North
Conway, transmitting from atop Mt. Washington. Curious to know if WPKQ will
be part of the sale to Townsquare.
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