Cumulus, EMF in cash/swap three-station deal

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3.1M WRQQ-FM Nashville TN (Belle Meade TN) from Cumulus Licensing LLC, a subsidiary of Cumulus Media (Lewis W. Dickey Jr.) to Educational Media Foundation (Mike Novak). Like-kind exchange for WLVM-FM Mobile AL. Price is what EMF paid for WLVM during its recent acquisition. [FCC file date 7/10/12]


$3.1M WLVM-FM Mobile AL from Educational Media Foundation (Mike Novak) to Cumulus Licensing LLC, a subsidiary of Cumulus Media (Lewis W. Dickey Jr.). Like-kind exchange for WRQQ-FM Nashville TN. Price is what EMF paid for WLVM during its recent acquisition. Superduopoly with WXQW-AM, WBLX-FM, WGOK-AM, WLVM-FM & WABD-FM. [FCC file date 7/10/12]

$1.6M WDLT-FM Mobile AL (Chickasaw AL) from Cumulus Licensing LLC, a subsidiary of Cumulus Media (Lewis W. Dickey Jr.) to Educational Media Foundation (Mike Novak). $80K escrow, $220K cash at closing, $1.3M note. Cumulus retains call letters and intellectual property. EMF will take the station noncommercial. [FCC file date 7/10/12]