CBS Radio Buys 101.9

CBS Radio bought New Rock 101.9 from Merlin Media for $75 million, turning the alternative rock station (only recently revamped from talk radio) into  a simulcast of Sports Radio 66 WFAN later this year. "The purchase, which is subject to regulatory approval, will allow WFAN more reach, as it moves to include an FM dial," writes Adrianne Pasquarelli.

Read the whole story at Crain's New York Business »
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