Cumulus has immediately increased its footprint in the Chicago market by taking over operations of two Chicago radio stations through an LMA with an option to buy WLUP-FM 97.9 The Loop and WIQI 101.1 FM, as well as the alternative rock format currently on WKQX-LP 87.7 FM. Further terms of the agreement with Merlin Media were not disclosed.
Cumulus currently owns N/T WLS 890 AM and WLS-FM 94.7 FM. The move results in Merlin Media's Randy Michaels exit from radio..for now.
Cumulus Co-COO John Dickey says, "These two legendary radio brands will be a welcome addition to the two legendary radio brands we already own in CHICAGO."
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John Dickey |
"The support for Alternative in that market is huge and these are fabulous signals in the market -- and these two acquisitions will improve our situation with the Rock format and present a great opportunity. That puts Cumulus in a pretty significant place with a Rock presence in that market and nationally too. Yes, it could lend itself to a national Rock brand. That and Sports go hand in hand."
Dickey added, "We're not taking NASH FM to Chicago, at this time."
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WIQI 101.1 FM, WLUP 97.9 FM 54dBu Coverage Area |
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