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The recent 1.7 Billion purchase of Citadel Broadcasting by Cumulus will put two Nashville stations on the sales block. What will happen to those stations and which ones they will be is up in the air until the deal is finalized at the end of this year.
“We will be divesting two stations in Nashville,” said John Dickey, Cumulus’ Atlanta-based chief operating officer. “Ultimately, we’ll have the same number of stations in Nashville as we do now “” five. The mix of those stations might change.”
From a national perspective, the deal means Cumulus will be buying 225 radio stations in 50 markets to add to 347 stations. The huge sale could be finalized as early as September after Citadel’s shareholders sign off on it.
The current lowest-rated stations in the market are Top 40 WNFN-FM, which ranked 19th, and classic hits WRQQ-FM 97.1, which ranked 17th in the latest Arbitron ratings.
Cumulus owns country station WSM-FM radio; popular urban format 92Q, WQQK-FM; classic hits WRQQ-FM, 97.1; talk radio WWTN-FM, 99.7; and Top 40 station WNFN-FM 106.7.