All accepted registrations through December 9 at 7:00p ET have been activated. Thank you! -M.W.

Please note: Terms of Use have been amended effective October 6, 2019. Make sure you are aware of the new rules! Please visit this thread for details: viewtopic.php?f=16&t=48619

All user accounts that have been inactive since January 1, 2017 have been expunged. If you are one of these users and wish to submit a new post, please re-register. Thank you.

Private equity is diving into radio again head first

Topics of general interest that just don't fit anywhere else.
User avatar
Site Admin
Posts: 5324
Joined: Sun Oct 31, 2004 11:23 am

Private equity is diving into radio again head first

Post by MWmetalhead » Mon Jul 01, 2019 4:14 pm

First, we learned last winter that Apollo Global Management was acquiring a majority stake in Cox Communications' TV station group.

Last week, we learned that Apollo is acquiring Cox's impressive radio station group as well.

Now comes word that Standard General - the same firm previously interested in acquiring TV stations spun-off from the failed Tribune - Sinclair transaction - is purchasing Hot 97 and 107.5 WBLS in New York City.

Emmis Communications founder Jeff Smulyan - who for some unknown reason is still well regarded in broadcast/media circles - will become CEO of the operating subsidiary Standard General is forming to hold Hot 97 and 1075. WBLS.

Standard General states it will seek to grow Mediaco aggressively, and it appears an IPO - or a merger with Emmis to take advantage of its existing publicly traded status - is in the works. ... ment-25884

Might this be the company that acquires what's left of Cumulus - or at least a significant chunk of Cumulus?

Jackie Green is single-handedly ruining WLAV!

Post Reply Previous topicNext topic