Cumulus Media to buy eight Macon radio stations
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Posted 10:56AM on Tuesday 28th May 2002 ( 23 years ago )
ATLANTA - Cumulus Media Incorporated has agreed to buy eight Macon-area radio stations. <br>
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The company said Tuesday it will buy the stations for $35.5 million in cash and stock from U.S. Broadcasting. <br>
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The deal calls for Atlanta-based Cumulus to acquire WDDO-AM, WDEN-AM, WMAC-AM, WAYS-FM, WDEN-FM, WPEZ-FM, WMKS-FM and WMGB-FM. <br>
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Cumulus is the country's second-largest radio company in the United States, based on the number of stations it owns, with 258 radio stations in 54 mid-sized markets. <br>
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Cumulus shares rose three cents to $20.91 in early trading Tuesday on the Nasdaq Stock Exchange.
http://accesswdun.com/article/2002/5/194202
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