Emmis Unloads WRXP to Randy Michaels' Merlin Media
It’s been several months in the making. This morning, Emmis has sold WRXP.
Two other stations (WLUP and WKQX) are part of the portfolio acquired by Randy Michaels and GTCR, a Chicago based investment firm.
Michaels bought the trio of stations under the name Merlin Media. Emmis retains minority stake in the radio stations.
Merlin Media has 45 days to file the paperwork and complete the acquistion.
Radioinsight.com says, once approved, expect WRXP to flip from Modern Rocker to a News/ Talker.
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