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Everyone, it seems, has a price and Cumulus Media finally found Citadel Broadcasting’s.
Cumulus said Thursday it has agreed to acquire Citadel, parent of Chicago’s WLS-AM and FM, in a cash-and-stock transaction that values Citadel at between $2.4 billion and $2.5 billion.
WLS-AM 890 is promoting Tracy Slutzkin from assistant program director to program director, with Drew Hayes remaining the station’s operations director.
Eddie Volkman and Joe “Jobo” Bohannon, once among Chicago’s radio elite, are dipping their toes back in the local market with a new two-hour Saturday-night show for WLS-AM 890.
