Wilks Broadcast Group Completes Acquisition of CBS Radio Stations in Kansas City and Columbus
Posted on: Wednesday, 10 January 2007, 18:00 CST
ATLANTA, Jan. 10 /PRNewswire/ -- Wilks Broadcast Group LLC, an affiliate of The Wicks Group of Companies, L.L.C., today announced that it has completed the previously announced $138 million acquisition of radio stations in Kansas City and Columbus from CBS Corporation . The stations included in the transaction are KFKF(FM), KBEQ(FM), KMXV(FM) and KCKC(FM) in Kansas City, and WLVQ(FM), WHOK(FM) and WAZU(FM) in Columbus.
About Wilks Broadcast Group
Wilks Broadcast Group, LLC was established as a platform to acquire and operate radio broadcasting stations in attractive mid-size U.S. markets. With the acquisition of the Kansas City and Columbus assets WBG will operate a portfolio of 18 FM radio stations across five markets including Kansas City, Columbus, Fresno, CA, Reno, NV and Lubbock, TX.
About The Wicks Group
The Wicks Group of Companies, L.L.C. (http://www.wicksgroup.com/) is a New York- based private equity firm that invests in selected segments of the communications, information and media industries. Wicks currently owns or has owned companies in educational publishing, consumer publishing, community newspapers, radio broadcasting, television broadcasting, magazine publishing, outdoor advertising, newsletter publishing, and cable television distribution.
About CBS Corporation
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW -- a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime and CSTV Networks), local television (CBS Television Stations), television production and syndication (CBS Paramount Network Television and CBS Television Distribution Group), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), digital media (CBS Digital Media Group and CSTV Networks) and consumer products (CBS Consumer Products). For more information, log on to http://www.cbscorporation.com/.
Wilks Broadcast Group LLC
CONTACT: Jeff Wilks, Chief Executive Officer, Wilks Broadcast Group,LLC, +1-404-909-0660, or Craig B. Klosk, Managing Partner & Co-Founder, TheWicks Group of Companies, L.L.C., +1-212-838-2100; or Dana McClintock of CBSCorporation, +1-212-975-1077
Web site: http://www.wicksgroup.com/http://www.cbscorporation.com/
Source: PRNewswire
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