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Posts Tagged ‘Richard Sandomir’

WFAN Making the Move to FM in November

In a bold, if not unexpected maneuver, WFAN will make the leap to FM in November. The New York Times columnist Richard Sandomir broke the news via Twitter today.

FishbowlNY first told you about the factors weighing in CBS Radio’s favor to create a WFAN-FM. We speculated that WFAN would be moved “in-house” to either 102.7 FM, home of Fresh 102.7 or NOW FM 92.3.  However, CBS Radio has confirmed its acquisition of Merlin Media’s ill-fated 101.9/WRXP for the purchase price of $75 million.

CBS Radio said in a statement that WFAN will remain on 660 AM with a simulcast on 101.9.

We have the memo from Merlin CEO Randy Michaels to staffers after the jump.

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Seventh Inning Dodgers Ownership Stretch Adds Joe Torre, Rick Caruso

As first tipped by New York Times columnist Richard Sandomir, there’s another group jumping into the Frank McCourt bankruptcy sweepstakes. And it’s a good one.

Former Dodgers manager Joe Torre has left his MLB executive position to join a bid led by The Grove and Americana on Brand developer Rick Caruso, in what would be a tremendous bit of local-karma competition for Magic Johnson‘s planned bid. There’s also another key person involved. Per Bill Shaikin‘s LA Times blog item this morning:

The investment banker working with Caruso and Torre is Byron Trott of BDT Capital in Chicago, described in this London Evening Standard article as the only banker Warren Buffett trusts.

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