99.9 Terre Haute

DLC Media Sets Plans For New Terre Haute Stations

When the three way Terre Haute move closes on Monday we now know what DLC Media will do with their newly acquired stations. Once WWVR vacates 105.5 for 98.5, the newly minted WZJK West Terre Haute will become Variety Hits “105.5 Jack-FM“. The Bob & Tom Show will move from new sister “True Oldies 104.9” WAXI-FM Rockville to WZJK. WZJK will also carry Indiana University football and basketball starting this fall. “95.9 Duke-FM” WDKE Seelyville will remain Classic Country, but rebrand as “95.9 The Legend” WVIG. Barry Kent, Operations Manager for WAXI-FM, will become Program Director and Morning host at WVIG. Until the company’s new studios are completed in March, CHR “B92.7” WFNB Brazil will simulcast WAXI-FM. Afterwards i...[Read More]

Emmis, Midwest & DLC Media Make Deals In Terre Haute

The FCC filings for the three deals reveal a bit more info regarding how the deals are structured and show a slightly different price than previously announced. Emmis will still receive $4.3 million in its sale of Country “Hi 99” WTHI Terre Haute and the intellectual property of Classic Rock “105.5 The River” WWVR West Terre Haute to Midwest, however $300,000 of that will be the proceeds of Midwest’s divestment of Classic Country “95.9 Duke-FM” WDKE Seelyville to DLC Media. The price DLC Media is paying for CHR “B92.7” WFNB Brazil, and Sports “1130/99.5 The Fan” WFNF Brazil/W293AL Rochester, and the license for 105.5 WWVR is $865,000 and not the $900,000 listed in the Emmis press release last week. Original Report 10/12: Thr...[Read More]

Jeff Smulyan’s Emmis Privatization Offer Expires

After multiple extensions Jeff Smulyan is letting his $4.10 per share privatization offer for Emmis Communications expire. This was Smulyan’s third attempt to repurchase all outstanding shares of the company since 2006. In a letter to the company’s board of directors Smulyan wrote, “I am sorry we could not reach an agreement on the valuation. I look forward to continuing to work with you as we move Emmis forward as a public company.” When the offer was first made in August, the board also had authorized management to sell off non-core assets. The first two of those deals were announced this week with the $5.2 million divestiture of the company’s Terre Haute radio stations and $25 million sale of Texas Monthly magazine. The company still intends to sell Gospel ...[Read More]