This news was part of the Cumulus earning s call last week and now the release from broker Glen Serafin confirming Pamal has entered into a definitive agreement to sell and transfer, subject to FCC consent, its two Pensacola FM's to Cumulus. The stations are Country formatted Class ?C? WXBM-FM licensed to Milton FL and Soft Rock formatted Class ?C0? WMEZ-FM licensed to Pensacola FL. The price to be paid for the radio stations is $6.5 million.
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