Cumulus Buys Houston's KVST-FM

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NEW YORK Cumulus Media, owner of the second-largest portfolio of radio stations, has agreed to purchase Country KVST-FM, which serves the Houston radio market, from New Wavo Communications Group for $32.2 million in stock and cash. The deal will give Cumulus, owner of the city’s Urban KRWP-FM, two stations in the seventh-largest radio market.

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