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Audacy Sells St. Louis Cluster

Truly stunning news. I wonder if some additional clusters owned by Audacy will soon be sold to Hoffman?

Pittsburgh seems like an obvious next candidate.
 
Wait a minute! Isn't this the same Hoffman company that just sold (over the past two years) its stations in Springfield and Bloomington, IL? If so, I wonder how long the St. Louis Audacy cluster should be expected to stay with this new owner.
 
End of an era. KMOX was one of the first affiliates of CBS and they bought the station not long after 1928. Of course Audacy has no emotional attachment to it. Bill Paley had a collection of mic flags in his office, and one of them was for KMOX. I think that collection is at the Paley Center in NYC.

I wouldn't be surprised if there was a big sell off coming. There have been rumors about the Buffalo cluster for a while.
 
ted chittenden said:
Wait a minute! Isn't this the same Hoffman company that just sold (over the past two years) its stations in Springfield and Bloomington, IL? If so, I wonder how long the St. Louis Audacy cluster should be expected to stay with this new owner.
Click to expand...

Thats one helluva conclusion to jump to so quickly already
 
ted chittenden said:
Wait a minute! Isn't this the same Hoffman company that just sold (over the past two years) its stations in Springfield and Bloomington, IL? If so, I wonder how long the St. Louis Audacy cluster should be expected to stay with this new owner.
Click to expand...

No. That’s the Neuhoff family.

Only they know their true intentions, but I expect they will own these properties for quite awhile. They’re rumored to be interested in the Cardinals and own quite-a-bit of commercial real estate in metro STL. A member of the family also either owns or is acquiring a controlling interest in the Post Dispatch.
 
TheBigA said:
I wouldn't be surprised if there was a big sell off coming. There have been rumors about the Buffalo cluster for a while.
Click to expand...

If Hoffmann is interested in other Audacy properties, as I mentioned above, it owns a controlling interest in Lee Enterprises, which owns newspapers in Buffalo and Madison. Not sure if it would be enough to generate interest, but it also owns newspapers in areas around Milwaukee, like Kenosha and Racine.
 


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