Emmis sold ¾ of its New York stations, retains ¼ ownership and gets paid to manage them.
Cox sells TV and radio and retains minority ownership and management stays in place.
There’s a trend developing here to take advantage of declining station prices and help owners get out of the debt business.
In fact, there’s a third group thought to be ready to sell partial ownership next.
- iHeart’s End of June Housecleaning
- Apollo to Disassemble Cox Media Group
- Foreign Money Invades Local Radio
- Entercom Cutting Live Jocks – And Winning
- iHeart Prepping Radical Pay Cuts
- Entercom’s Ransacked Station Model
- Cumulus, iHeart & Entercom Takeover Interest
- Spotify’s $100 Million Joe Rogan Podcasting Gamble
- COVID’s Impact on Sports Radio
- Advertiser Complaints Against iHeart, Entercom & Beasley