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Cumulus Acquired By... Cumulus

We know how it will affect Q100.  The real question is how it will affect the Lincoln stations (Star 94Q and 790 The Quixie Zone) and, more currently, the Citadel stations (Kicks and WYAY).  Looks like hostile takeover, proxy war time with Citadel.

Let's say Cumulus bought both Citadel and Lincoln Financial Broadcasting.  That would give them 5 FMs and an AM (the same as CC and one more than Cox, although Cox argues in their FCC filings that, IIRC, WSBB/WSRV and WALR-FM don't overlap, and Cox has WSB-TV and the AJC), plus arguably control over the three Dickey Broadcasting stations (680, 1230, 1340).  Would the [email protected] translator count?  What about the other translator that they put 680 on?

What is the limit on the number of stations they could own in the ATL market?  If you had to dump one or more, which ones would you dump?
 
If there is a cross ownership issue with the Citadel and Lincoln properties, I would let AM’s and 100.5 go and keep 3 in town FM’s 94.1, 99.7, 101.5 and 106.7. IMHO the only way a Cumulus / Citadel deal would really work is a stock deal and no large extra debt. The Citadel part that came from ABC /Disney has some AM /FM two stations only operations that are at a completive disadvantage with the large CBS / CC multiple FM clusters. Then again CBS might gobble up 94.1 to go with V103 and Dave FM. CBS stated last year that they are going to concentrate on the large markets only and 101.5 and 106.7 fit this description. There is very little job security in radio and working for a former bankrupt operation now take over target (Citadel) only makes it worse.
 
secondchoice said:
If there is a cross ownership issue with the Citadel and Lincoln properties, I would let AM’s and 100.5 go and keep 3 in town FM’s 94.1, 99.7, 101.5 and 106.7. IMHO the only way a Cumulus / Citadel deal would really work is a stock deal and no large extra debt. The Citadel part that came from ABC /Disney has some AM /FM two stations only operations that are at a completive disadvantage with the large CBS / CC multiple FM clusters. Then again CBS might gobble up 94.1 to go with V103 and Dave FM. CBS stated last year that they are going to concentrate on the large markets only and 101.5 and 106.7 fit this description.
Click to expand...

CMI could do stock only (what CMLS is proposing IIRC). CRI could do cash. No outside debt required (not counting the investors in CRI).

How about this for an idea: Cumulus buys LFM and Citadel, keeps the class C/C0 FMs, and spins off 100.5 to CC. CC puts WGST on 100.5, and maybe tinkers with the WSSL signal to enable 100.5 to up their power a tad to cover more of the ATL metro without interference from WSSL.

I could also see Cumulus keeping 790, and Dickey selling off 1340. WFOM 1230 programming would go to 790 and 1340 programming to WFOM.

My daughter would like to remind everyone that the Mouse still owns WDWD 590, and not Citadel.
 
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