TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Emmis Unloads WRXP to Randy Michaels’ Merlin Media

It’s been several months in the making. This morning, Emmis has sold WRXP. 

Two other stations (WLUP and WKQX) are part of the portfolio acquired by Randy Michaels and GTCR, a Chicago based investment firm.

Michaels bought the trio of stations under the name Merlin Media. Emmis retains minority stake in the radio stations.

Merlin Media has 45 days to file the paperwork and complete the acquistion.

Radioinsight.com says, once approved, expect WRXP to flip from Modern Rocker to a News/ Talker.   

Update: Statement from Jeff Smulyan, Emmis chairman and CEO

“While it is always difficult to part with stations that have been valuable contributors to our company, we believe that today’s transaction will create significant value for our shareholders.” said Smulyan. “As a significant minority partner in Merlin Media, we’re delighted to remain engaged with these markets and stations in the exciting days ahead.”

Mediabistro Course

Children's Picture Book Writing

Children's Picture Book WritingStarting September 15, this part lecture, part workshop course will take you through the process of outlining, writing, editing, and submitting a children's picture book. Taught by a published children's book author, Dashka Slater will teach you how to write in pictures, hook readers and editors with your story, apply the nuts and bolts of marketing, and more. Register now!