Cox Media selling radio stations in 6 markets
Cox Media Group agrees to sell radio stations in 6 markets
ATLANTA (AP) -- Cox Media Group has reached an agreement to sell radio stations in six of its markets.
The company announced Tuesday that it will sell stations in Birmingham, Ala., Greenville, S.C., Hawaii, Louisville, Ky. and Richmond, Va. to SummitMedia. The company is also selling three stations in southern Connecticut and contract rights to a fourth station in Connecticut to Connoisseur Media, based in Westport, Conn.
In a release, company representatives say the sales are expected to be finalized in the second quarter after regulatory approvals.
It is unclear how much the stations are being sold for.
The Atlanta-based company announced a broadcast realignment plan in July of 2012.
