Townsquare Gets Millennium

Papers were filed today that make it official: Townsquare is the new owner of the 11 Millennium (eight FM and three AM) stations in three markets that were recently acquired by Oaktree Capital.

Oaktree is the money behind Townsquare, and earlier this year Millennium agreed to sell the company to Oaktree. The next step was for the 11 stations to be moved under the Townsquare umbrella, and that happened today. Under the leadership of Chairman/CEO Steven Price, Townsquare has slowly been building quite a portfolio of stations -- the company now has over 170 radio stations in small to medium-sized markets throughout the country.

The regulatory paperwork is expected to take about a month to go through. Bill Saurer has officially stepped down as President and CEO of Millennium, and the Millennium staff has been notified of the change in ownership. Townsquare/Flint, MI GM Zoe Burdine-Fly will be in charge of the 11 Millennium stations.

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Ardolina New Dir of Programming at Millennium

Ardolina will oversee programming of all five Millennium Radio New Jersey Shore stations. Millennium President/CEO Bill Saurer said ?Steve was already a stalwart in a very collaborative Shore programming department.  I?m counting on him to continue his strong diligence and leadership as he assumes this new role."

Millennium Radio New Jersey is a privately held broadcasting company which owns and operates 11 stations throughout the Garden State. They include: WKXW-New Jersey 101.5, WSJO-SoJO 104.9 FM, WJLK 94.3 FM "The Point", WADB -1310 AM, WOBM 92.7 FM, WOBM 1160 AM, WCHR 105.7 FM "The Hawk", WFPG - Lite Rock 96.9 FM, WENJ - ESPN 1450 AM, WENJ - ESPN 97.3 FM, WPUR - Cat Country 107.3 FM.

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