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Tuesday, June 21, 2011

WRXP: (Mostly) Sold

by Sean Carolan

Well, all we've got is data points. We can't tie them all together, but here's what's we've got:

WRXP's owner, Emmis Broadcasting, has announced the sale of a majority stake in WRXP and two Chicago stations (including alternative Q101 and classic rocker The Loop) to "Merlin Media", which then magically got sold partly to an equity group, and partly to a group headed by Randy Michaels.

Randy Michaels will, in our opinion, do no favors for music fans of any stripe. The consolidation of Clear Channel was his baby, and we know what wonderful things that's done for radio listeners. We welcome any attempt by him to prove us wrong.

There's also been a new web domain registration that could indicate future direction, or could just be a domain squatter: FMNNews1019.com.

And that's what we've got - make of it what you will.

posted 6/21/2011 10:58:00 AM

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