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Cumulus in Melbourne spared for now...

V

vadar

Guest
Townsquare gobbling up 13 Cumulus clusters, Melbourne NOT one of them. Interesting strategy. Melbourne clearly one of the more profitable clusters if not sent packing to Townsquare.

More to come I'm sure.
 
Here's part of the press release.

Townsquare Media is acquiring the Cumulus clusters in these 11 markets: Augusta-Waterville (Maine), Bangor, Binghamton, Bismarck, Grand Junction, Killeen-Temple, New Bedford, Odessa-Midland, Presque Isle, Sioux Falls and Tuscaloosa. Cumulus gains the Townsquare Media clusters in Bloomington, Illinois and Peoria, and there's $116 million in cash involved, as well.
 
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