Cumulus moves to buy Pensacola FMs


$6.5M WMEZ-FM & WXBM-FM Pensacola FL (Pensacola, Milton FL) from 6 Johnson Road Licenses Inc., a subsidiary of Pamal Broadcasting Ltd. (James J. Morrell) to Cumulus Licensing LLC, a subsidiarly of Cumulus Broadcasting LLC (Lewis W. Dickey Jr. et al). $325K escrow, balance in cash at closing. Cumulus is simultaneously applying to move WABD-FM from Saraland AL to Atmore AL and into Mobile AL market to make cap room for these stations. Superduopoly with WCOA AM-FM, WRRX-FM. [FCC file date 5/10/12]