Posted by Oh well... on January 05, 2009 at 05:59:01:
In Reply to: New: Clear Channel NOT coming to Green Bay? posted by Hmm on January 04, 2009 at 18:28:28:
Okay, so it's in name only. I imagine that CC would still have some bit of influence as to how Cumulus will run the stations.
: From WisconsinBroadcasting.com:
: "As previously reported, Cumulus is trading their Green Bay cluster of stations, minus WZNN, to Clear Channel in exchange for some stations in Cincinnati, OH. Even though Clear Channel will become the new owner of the Green Bay stations, Cumulus will continue to operate the entire cluster under an LMA with a five year buy back period. In a Green Bay Press Gazette article, market manager Greg Jessen explains the swap as "a way to take advantage of current rules and the financial situation for both companies to do what they need to accomplish." WZNN and WWWX are being placed in a trust will and continue to be operated by Cumulus."