Monday, Nov. 14, 2005
Report: Cumulus The Front-Runner For ABC
Citing sources close to the deal, the Drudge Report website today says that Cumulus has emerged as the leading candidate to purchase ABC Radio's stations and the ABC Radio network.
Executives from both Entercom and Emmis have recently expressed interest in acquiring the ABC assets, but Cumulus CEO Lew Dickey — who has stayed fairly quiet on the issue — is reportedly closest to reaching Disney CEO Bob Iger's asking price. Snagging the ABC assets would be quite a coup for Dickey, whose newly formed Cumulus Media Partners — a partnership among Cumulus and several equity investors — just paid $1.2 billion for Susquehanna Radio.
That would mean Cumulus would own KSCS, The Wolf, The Twister, WBAP, KLIF and The Bone.
That's about three country stations, one talk station and one Bone too many IMHO.
Report: Cumulus The Front-Runner For ABC
Citing sources close to the deal, the Drudge Report website today says that Cumulus has emerged as the leading candidate to purchase ABC Radio's stations and the ABC Radio network.
Executives from both Entercom and Emmis have recently expressed interest in acquiring the ABC assets, but Cumulus CEO Lew Dickey — who has stayed fairly quiet on the issue — is reportedly closest to reaching Disney CEO Bob Iger's asking price. Snagging the ABC assets would be quite a coup for Dickey, whose newly formed Cumulus Media Partners — a partnership among Cumulus and several equity investors — just paid $1.2 billion for Susquehanna Radio.
That would mean Cumulus would own KSCS, The Wolf, The Twister, WBAP, KLIF and The Bone.
That's about three country stations, one talk station and one Bone too many IMHO.