Chi station dubbed ESPN Radio flagship

No numbers disclosed in ABC-Chancellor deal

NEW YORK — ABC Radio announced plans Thursday to acquire Chicago radio station WMVP-AM and to turn it into the flagship station for its ESPN Radio Network.

Neither ABC nor seller Chancellor Media Corp. would disclose the price for the station, which will be renamed ESPN Radio 1000.

Although Chancellor is normally a station buyer, a company spokesperson said the radio consolidator was constantly “fine-tuning its portfolio.”

He added that WMVP’s all-sports format was not necessary for the synergies achieved from the “full complement of radio stations” Chancellor continues to own in Chicago.

Whatever the reason, the sale was said not to have been motivated by antitrust concerns.

ABC Radio, a division of Walt Disney-owned ABC Inc., is the country’s largest radio network, with an estimated weekly audience of 140 million. Its 6-year-old ESPN Radio is already carried on more than 450 stations.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading