Business Services Industry
Cumulus Media buys eighth radio station in central Missouri.
Knight Ridder/Tribune Business News, December, 2004
By Christi Nies, Columbia Daily Tribune, Mo. Knight Ridder/Tribune Business News
Dec. 9--Cumulus Media Inc. has added an eighth radio station to its Mid-Missouri lineup, thanks to an unprecedented federal auction.
The Federal Communications Commission sold more than 250 radio broadcast permits in November in its first open auction of FM frequencies. Among the auctioned licenses was 103.1, a new frequency based in Linn.
Atlanta-based Cumulus, which bought out local broadcast company Premier Marketing Group in March, snapped up 103.1 for $879,000.
The new station doesn't have call letters yet but will operate out of the company's facility in Jefferson City, General Manager Jack Miller said. He expects it to be on the air by...
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