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Woodward Community Media has finalized the acquisition of Neuhoff Media’s seven stations in Bloomington and Springfield, IL, for $4.3 million.
The company has stated that the acquired brands align with WCI’s focus on local community media properties in specific market sizes, catering to niche and lifestyle audiences. This move also marks an expansion of its presence in Illinois, bringing experienced teams and talent to the employee-owned company.
WCI President/CEO Tom Woodward said, “We are pleased to announce that today we successfully consummated the acquisition of Neuhoff Media’s radio stations and brands based in Springfield and Bloomington, IL. Over the past couple of months, we have gotten to know each other better, shared ideas, aspirations, etc. which in turn has created positive momentum and energy on which we can enhance our capabilities to serve our customers and communities.”
Woodward acquires Rock WIHN (Rock 96.7), Variety Hits WBBE (97.9 Bob-FM), Hot AC WWHX (Now 100.7) in Bloomington, Variety Hits WCVS (96.7 Bob-FM) WXJA (99.7 The Mix), Country WFMB-FM, and Sports 1450 WFMB-AM (Sports Radio 92.3) Springfield.
The deal’s closure also signifies the conclusion of Neuhoff Media.
