Cox "Exploring Options" for Radio Cluster

[TSSZNews 564]

Looks like it's a total fire sale: https://www.bizjournals.com/atlanta/news/2019/03/18/cox-enterprises-exploring-options-for-its-radio.html

 

Quote

Sources within the company say Atlanta-based Cox is "exploring options" for all of its radio properties. Employees have been informed. There's no timeline and any deal would not include the Atlanta Journal Constitution.

 

 

[TheOneManHerd 345]

I think everybody saw this coming.

[CircleSeven 794]

This has been contemplated since they'd announced their TV sale.

[scrabbleship 258]

This is Hubbard's to lose. Of course, EMF will probably buy a bunch of stations they don't really need.

[ColtFromGulfcoast 461]

On 3/20/2019 at 10:11 AM, scrabbleship said:

This is Hubbard's to lose.

 

Since you brought up Hubbard, I'll point out in the sale Cox is doing right now, they previously hinted at joint venture agreements with the TV and Radio stations after the sale of the television side was over. I'll touch on this more in the Speculatron but I think that if the puppy (no, not Alpha Media) goes back to bite the bones of the radio side as well, that this will lead to Hubbard (TV and Radio) being next for them.