Randy Michaels' new company Merlin Media, partnering with private equity firm GTCR, has bought Chicago radio stations WLUP-FM and WKQX-FM, as well as one New York station, WRXP-FM, from Emmis Communications.
Chicagoland Radio and Media describes Michaels as "the disgraced ex-CEO of Tribune Company, Clear Channel and Jacor."
Both of the Chicago stations will face format changes in future, according to "sources" cited in the post. WLUP-FM will become a rock station focusing on the 80s, while WKQX-FM will become a talk station.
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