Cumulus buys WLS-AM/FM owner
WLS-AM and WLS-FM have new owners in the form of Atlanta-based Cumulus Broadcasting, Inc., which acquired the troubled Citadel radio group for $2.4 billion in cash and stock, with Cumulus paying $37 a share to Citadel. While Citadel wasn’t officially up for sale, it was being pursued by both Cumulus and Bala Cynwyd, Pa. –based Entercom Communications. Cumulus made several […]