Neuhoff Media is planning to completely exit the radio business and has begun by announcing the sale of its Danville and Decatur, Illinois clusters.
After striking a deal with Champaign Multimedia Group, Neuhoff Media plans to sell its other radio entities in Bloomington and Springfield, Illinois, and its Lafayette, Indiana properties in the coming months.
Included in the sale to Champaign Multimedia Group is news/talk station 104.7/1480 WDAN in Danville and 103.3/1340 WSOY in Decatur. The new owner also owns 93.9/1400 WDWS in the Champaign-Urbana market.
“We are proud of what broadcast ownership has meant to our family, our employees, and the markets we serve,” said Julian Hickman, trustee of the Neuhoff family. “Our grandfather, Roger Neuhoff, began his ownership in the business during the mid-1950s. He loved the broadcast industry and was proud of the way our radio and television stations served their local communities.”
“We would like to thank the incredible teams of local broadcasters in Decatur and Danville. We are proud of their daily dedication to their listeners, clients, and communities,” said Makena Neuhoff, another trustee of the estate.
Nuehoff Media began operations in 1955 after its founding by Roger Neuhoff. The sale of the stations comes after Mike Hulvey, the company’s CEO, announced his intention to depart on April 1st to become the CEO of the Radio Advertising Bureau.
“We are pleased to see the iconic local media brands of Neuhoff Media’s Danville and Decatur markets all brought together through this historic transaction with the Champaign Multimedia Group,” said Neuhoff Media President Mike Hulvey. “The next chapter for the Danville and Decatur radio stations and digital platforms will create something very special for each community.”
