• Chicagoland Radio and Media, Tuesday, June 21, 2011 4:15 PM

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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