CBS sells radio stations

Seven FM stations sold to Wicks Group

CBS is selling seven radio stations to private equity firm Wicks Group for $138 million as it makes good on its promise to divest stations in small and midsized markets.

The Wilks Broadcast Group will acquire FM stations KFKF, KBEQ, KMXV and KCKC in Kansas City, Mo., and FM stations WLVQ, WHOK and WAZU in Columbus, Ohio.

“We continue to feel that there is significant long-term growth and value in radio broadcasting, and the markets we serve have particularly attractive local growth prospects,” Wilks said in a statement.

In May CBS signaled plans to sell 39 stations to focus on large metropolitan markets as it grapples with a prolonged slump in the radio business.

More Scene

  • Carter Hudson, John Singleton, Angela LewisFX's

    John Singleton on Disney-Fox Deal: 'You Gotta Let FX Be What It Is'

    CBS is selling seven radio stations to private equity firm Wicks Group for $138 million as it makes good on its promise to divest stations in small and midsized markets. The Wilks Broadcast Group will acquire FM stations KFKF, KBEQ, KMXV and KCKC in Kansas City, Mo., and FM stations WLVQ, WHOK and WAZU in […]

  • Kevin Durant Lindsey Vonn

    Kevin Durant, Lindsey Vonn to Keynote Variety's Sports & Entertainment Breakfast

    CBS is selling seven radio stations to private equity firm Wicks Group for $138 million as it makes good on its promise to divest stations in small and midsized markets. The Wilks Broadcast Group will acquire FM stations KFKF, KBEQ, KMXV and KCKC in Kansas City, Mo., and FM stations WLVQ, WHOK and WAZU in […]

  • Cher and Meryl Streep'Mamma Mia! Here

    How the Cast of 'Mamma Mia! Here We Go Again' Geeked Out Around Cher

    CBS is selling seven radio stations to private equity firm Wicks Group for $138 million as it makes good on its promise to divest stations in small and midsized markets. The Wilks Broadcast Group will acquire FM stations KFKF, KBEQ, KMXV and KCKC in Kansas City, Mo., and FM stations WLVQ, WHOK and WAZU in […]

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    CBS is selling seven radio stations to private equity firm Wicks Group for $138 million as it makes good on its promise to divest stations in small and midsized markets. The Wilks Broadcast Group will acquire FM stations KFKF, KBEQ, KMXV and KCKC in Kansas City, Mo., and FM stations WLVQ, WHOK and WAZU in […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    CBS is selling seven radio stations to private equity firm Wicks Group for $138 million as it makes good on its promise to divest stations in small and midsized markets. The Wilks Broadcast Group will acquire FM stations KFKF, KBEQ, KMXV and KCKC in Kansas City, Mo., and FM stations WLVQ, WHOK and WAZU in […]

  • Bob Woodruff Foundation Acquires Veterans Org

    Bob Woodruff Foundation Acquires Veterans Org Got Your 6

    CBS is selling seven radio stations to private equity firm Wicks Group for $138 million as it makes good on its promise to divest stations in small and midsized markets. The Wilks Broadcast Group will acquire FM stations KFKF, KBEQ, KMXV and KCKC in Kansas City, Mo., and FM stations WLVQ, WHOK and WAZU in […]

More From Our Brands

Access exclusive content