Cumulus Media Buying Two More Wisconsin Radio Stations

By: Associated Press
By: Associated Press

The nation's second-largest radio owner said today it's buying WPKR FM and WPCK FM from Midwest Dimensions for about $8 million.

The Atlanta-based Cumulus says it will pay up to 70 percent of the purchase price with Class A common stock.

Cumulus CEO Lew Dickey says the purchase will solidify the company's position in the Appleton-Oshkosh market.

Cumulus trails only Clear Channel Communications in size, based on station count.

Including all pending transactions, Cumulus owns and operates 270 radio stations in 55 mid-size markets.