Hey - Macon folks, is WROK no longer owned by Cumulus Media? Noticed on radio online that the owner is listed as Joule Broadcasting and they are also now showing up on the ratings books where before they were not reporting.
When Cumulus bought Citadel and the ex-Susquehanna stations from privately held Cumulus Media Partners, it ceded a ton of its equity to both Citadel stockholders and the private equity firms that helped pay for the deal. That resulted in a substantial enough ownership change to remove its grandfathered ownership status in some markets, including Macon.
Joule is a trustee that will operate and hold WROK-FM until either Cumulus finds a buyer for it or another one of its stations in Macon, the ownership limits change, or enough stations move into Macon to put it under the limit again (highly unlikely).
So now it appears the 105.5 frequency in Macon is being sold by Joule to EMF. I guess Cumulus finally gave up on hoping the market cap for Macon would be changed and they could hold on to that one.