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Monday, November 17, 2014

No Staff Changes Expected From The Omni Sale


Through the acquisition, Hubbard says it will add 100 employees. "The company expects no programming or personnel changes for any of the acquired stations. Omni Broadcasting President Lou Buron said, ?Hubbard Broadcasting is a leader in our industry, and we believe that our stations could not be in better hands. Hubbard Broadcasting will be able to provide significant scale and growth potential to these stations, which well-positions our customers, employees, and listeners for the future.? With the sale, Omin exits the radio business. Patrick Communications was the seller?s exclusive broker for this transaction. The sale price was not disclosed and the FCC still needs to approve the deal.

View the original article here