This is the biggest news for the Poughkeepsie radio market in a long time.
http://www.allaccess.com/net-news/archive/story/121835/official-cumulus-buys-dial-global-spins-some-stati?ref=mail_bulletin
According to All Access the Cumulus of the Hudson Valley cluster in Poughkeepsie are among 53 stations to be sold to Townsquare Media in a deal that has Cumulus acquiring Dial Global which it will rename Westwood One Networks. It is a complex deal. Cumulus will use some of the cash received for the stations sold to retire some of its enormous debt.
Quote from All Access article :“The FRESNO cluster will then be swapped to CUMULUS in exchange for 15 stations in DUBUQUE, IA and POUGHKEEPSIE, NY plus a de minimus cash payment to TOWNSQUARE.”
Approvals for this big deal will take a while but I wonder what changes we can expect , when it happens.
http://www.allaccess.com/net-news/archive/story/121835/official-cumulus-buys-dial-global-spins-some-stati?ref=mail_bulletin
According to All Access the Cumulus of the Hudson Valley cluster in Poughkeepsie are among 53 stations to be sold to Townsquare Media in a deal that has Cumulus acquiring Dial Global which it will rename Westwood One Networks. It is a complex deal. Cumulus will use some of the cash received for the stations sold to retire some of its enormous debt.
Quote from All Access article :“The FRESNO cluster will then be swapped to CUMULUS in exchange for 15 stations in DUBUQUE, IA and POUGHKEEPSIE, NY plus a de minimus cash payment to TOWNSQUARE.”
Approvals for this big deal will take a while but I wonder what changes we can expect , when it happens.