Cumulus/Citadel Spinoffs Set
The paperwork for the Cumulus acquisition of Citadel Broadcasting has begun to be filed at the FCC. As part of the process, the companies have filed to transfer a number of stations to Volt Media, LLC as a trustee.
The stations being sent off are as follows:
All but WCAT-FM and WELJ are currently Cumulus stations. Volt Media, LLC will be set with the duties of spinning off these stations to ensure the combined Cumulus and Citadel stays below market caps.