Cox Enterprises exploring options for its radio stations

[Y2kTheNewOldies]

https://www.bizjournals.com/atlanta...erprises-exploring-options-for-its-radio.html

This discussions are at play for Cox Radio's possible future.

A month after agreeing to sell a majority stake in its TV portfolio, Cox Enterprises Inc. is looking to make a deal for its radio stations.

Sources within the company say Atlanta-based Cox is "exploring options" for all of its radio properties. Employees have been informed. There's no timeline and any deal would not include the Atlanta Journal Constitution.

Like other media businesses, broadcast radio has been rocked in recent years by the explosion in digital advertising opportunities available from web giants such as Google, Facebook and Twitter. Atlanta-based Cumulus Media, which owned and operated 446 radio stations broadcasting in 90 U.S. media markets, filed for Chapter 11 in November 2017 and recently completed its reorganization. iHeartRadio, the operator of 850 stations across the United States, filed for bankruptcy in March 2018.

WSB Radio Atlanta and others are mentioned for possible options.

 

[madooputtus]

Would Connossieur Media buy some of Cox Radio's stations like WBLI and WBAB in Long Island? With the Westport-based company owning Cox's formerly owned stations in Southern CT (Star 99.9, 94.3 WYBC, 95.9 the FOX, 99.1 WPLR), they can be a great fit!

 

[AMRocks]

Would Connossieur Media buy some of Cox Radio's stations like WBLI and WBAB in Long Island? With the Westport-based company owning Cox's formerly owned stations in Southern CT (Star 99.9, 94.3 WYBC, 95.9 the FOX, 99.1 WPLR), they can be a great fit!

I can't image that Cox will sell all their stations to one buyer. I think the large companies that are financially sound (like Entercom) and the smaller, more regional companies (like Connoisseur) will pick and choose stations in a market where they already have a presence.

I could see Entercom picking up some of the Cox stations in Atlanta, for sure.