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Cumulus’ Price Tag for WFME: $40 Million

We’re getting more details about Cumulus’ recent acquistion of Newark, New Jersey-based WFME. The broadcasting company is paying Family Stations $40 million, All Access reports.

Cumulus is using Radio License Holding X, LLC for the purchase that includes Country WDVY in Mount Kisco, a simulcast of WDBY/Kicks 105.5.

There’s an added wrinkle that could ultimately bring Cumulus a larger payout. Cumulus will receive an extra $8.5 million if WFME is moved into the five boroughs as a Class A or B1 within five years. It jumps to $10 million if WFME finds a home within the city limits at a classification higher than B1.

The deal also includes a provision for Family Stations to keep the WFME call letters, while Cumulus will retain the WDVY calls.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.