In a St. Louis surprise, Audacy has agreed to sell its six stations in the market to Hoffmann Media Group. Audacy CEO Kelli Turner, in a memo to staff, wrote, “While we were not actively looking to sell these stations, HF Companies presented an opportunity for the Company that ultimately made strong business sense for both parties.”
A subsidiary of Hoffmann Family of Companies, Hoffmann Media Group operates more than 40 publications across 30 markets, including Florida Weekly, the Napa Valley Register and the Aspen Daily News, and holds a controlling stake in Lee Enterprises, whose holdings include the St. Louis Post-Dispatch.
The Audacy cluster, which includes crown jewel 1120 KMOX-AM, as well as Jamz 96.3 (WFUN), 97.1 FM Talk (KFTK), Y98 (KYKY), 102.5 KEZK and Hot 98.7 (KEZK-HD2), would mark the company’s first broadcast holdings.
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