RALEIGH, N.C., Nov. 21 /PRNewswire/ -- The Curtis Media Group has signed a definitive agreement to acquire three Greensboro, N.C.-based radio stations -- WSJS, WMFR, and WSML -- from their present owner, CBS Radio, a division of CBS Corporation (NYSE: CBS.A and CBS). WSJS and WMFR are two of North Carolina's oldest radio stations. WSML primarily rebroadcasts the programming of WSJS. The Stations all operate with a News/Talk Format. The purchase price of the stations is $8,375,000, and the transaction is subject to approval by the Federal Communications Commission. The Curtis Media Group anticipates continuing with the same Management at WSJS-WMFR, and WSML. "We are delighted to have this family of great News/Talks Stations join our group of North Carolina Stations. We feel that along with our existing operation at WZTK, News/Talk 101, and our presence in the State Capitol with WPTF, we will be able to offer the listeners in the Triad an even better list of choices in the News/Talk arena," stated Donald Curtis, President of Curtis Media Group The Curtis Media Group also owns and operates other North Carolina Radio Stations including WPTF, one of the nation's leading News/Talk Stations. Other stations include WQDR, WBBB, WWMY, WYMY, WDOX, WDNC, WCLY, WKIX, WKXU, WYRN, WGBR, and WFMC, all in The Raleigh-Durham market. The newly acquired stations will join WZTK and WPCM in a five station cluster. Curtis Media also operates several web streaming stations and web sites including StateGovernmentRadio.com, Triangletrader.com, TrinagleHelpwanted.com, Triangletraffic, The Southern Farm Network, and TodaysObituaries.Com. The company also has ownership interests in numerous other North Carolina radio stations. Curtis Media Group dates back to 1968, and is the nation's largest single Shareholder radio broadcast group. The company is headed by Donald Curtis is the President and CEO, and Phil Zachary who serves as Executive Vice President and COO. Curtis is a member of the North Carolina Association of Broadcaster's Hall of Fame CBS Corporation (NYSE: CBS.A and CBS) is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW - a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime and CSTV Networks), local television (CBS Television Stations), television production and syndication (CBS Paramount Network Television and CBS Television Distribution Group), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), digital media (CBS Interactive and CSTV Networks) and consumer products (CBS Consumer Products). For more information, log on to www.cbscorporation.com.
SOURCE The Curtis Media Group