Mergers & Acquisitions
Atlantic City-Cape May, NJ – iHeartMedia has filed a $2 million deal to buy hot AC WAYV (95.1), classic rock WZXL (100.7), CHR “99.3 The Buzz” WZBZ, and urban AC WTTH (96.1) from Gary Fisher’s Equity
Audacy has reportedly entered into agreements to divest assets in both Boston and Phoenix, indicating a strategic move amidst ongoing negotiations with its creditors.
The greater media industry learned Monday that investment firm KKR is acquiring publisher Simon & Schuster from Paramount Global for $1.62 billion in an all-cash transaction.
Following reports that Avid was in talks with a private equity group regarding a potential sale, Avid has announced that it has entered into a definitive agreement to be acquired by an affiliate of STG.