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Business

“Sinclair explores selling roughly 30% of its broadcast stations, sources say”

“…The company has hired Moelis as its investment banker and has identified more than 60 stations in various regions of the U.S. that it would be willing to sell, said the people, who asked not to be named because the discussions are… Continue Reading…

Business

“To Reduce Debt, Cumulus Considers Selling 250 Tower Sites.”

“CEO Mary Berner said last week the company is “considering strategic alternatives” for the Cumulus tower portfolio, which includes more than 250 sites across 32 states. Even though a radio station can’t operate without a tower, Berner, like other executives,… Continue Reading…