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New owner for 4 Chicago radio stations

Four radio stations in Chicago, including WTMX-FM 101.9 and WDRV-FM 97.1, are getting new owners as part of a $505 million deal between Hubbard Broadcasting Inc. and Bonneville International Corporation.

Bonneville, which is headquartered in Salt Lake City, is selling 17 radio stations to Minneapolis-based Hubbard. Chicago is one of four “strategic markets” that Hubbard is adding to its portfolio with the acquisition, the company said in a press release. The other markets are Washington, D.C., St. Louis and Cincinnati. Get the full story »