Cox Radio, Inc., the fourth largest radio company in the United States based on net revenues, announced that it has completed its previously announced acquisition of the outstanding capital stock of
Marlin Broadcasting, Inc., which owns radio stations WTMI-FM serving Miami, WCCC-FM and WCCC-AM serving Hartford, Connecticut and WBOQ-FM serving Glouchester, Massachusetts, for approximately $125
million. As part of this transaction, Cox Radio sold the assets of WCCC-FM, WCCC-AM, and WBOQ-FM to certain principals of Marlin Broadcasting for approximately $25 million.
