Two of the largest radio station operators in the US are to combine, with Cumulus Media agreeing to buy Citadel Broadcasting for $2.5 billion.

The deal will bring together almost 600 radio stations in 120 markets across the country, giving Cumulus a presence in eight of the top 10 markets.

Cumulus chief executive Lew Dickey said that his company would have a “vastly expanded national footprint” and would have the financial strength to continue investing in content and technology.

Other posts by :

1. Russian satellite tumbling out of control
2. FCC boss praises AST SpaceMobile
3. Rakuten makes historic satellite video call
4. Rocket Lab confirms D2C ambitions
5. Turkey establishes satellite production ecosystem
6. Italy joins Germany in IRIS2 alternate thoughts
7. Kazakhstan to create museum at Yuri Gagarin launch site
8. AST SpaceMobile gets $42 or $1500 price target
9. Analyst: GEO bloodbath taking place

Categories: Articles, Broadcast, Business, Digital Radio, M&A