10-K 1 d309291d10k.htm FORM 10-K FORM 10-K
Table of Contents

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 10-K

 

þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    For the fiscal year ended December 31, 2011

 

¨

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from             to            

Commission file number 00-24525

 

 

Cumulus Media Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware   36-4159663
(State of Incorporation)   (I.R.S. Employer Identification No.)

3280 Peachtree Road, N.W.

Suite 2300

Atlanta, GA 30305

(404) 949-0700

(Address, including zip code, and telephone number, including area code, of registrant’s principal offices)

Securities Registered Pursuant to Section 12(b) of the Act:

None

Securities Registered Pursuant to Section 12(g) of the Act:

Class A Common Stock, par value $.01 per share

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ¨            No  þ

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  ¨            No  þ

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  þ            No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  þ            No  ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.    Yes  þ            No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one):

 

Large accelerated filer    ¨

  

Accelerated filer    ¨

  

Non-accelerated filer     ¨

  

Smaller reporting company    þ

                           (Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  þ

The aggregate market value of the registrant’s outstanding voting and non-voting common stock held by non-affiliates of the registrant as of June 30, 2011, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $66.2 million, based on 18,913,957 shares outstanding and a last reported per share price of Class A common stock on the NASDAQ Global Select Market of $3.50 on that date. As of March 2, 2012, the registrant had outstanding 151,607,744 shares of common stock consisting of (i) 138,523,206 shares of Class A common stock; (ii) 12,439,667 shares of Class B common stock; and (iii) 644,871 shares of Class C common stock.

 

 

 


Table of Contents

CUMULUS MEDIA INC.

ANNUAL REPORT ON FORM 10-K

For the Fiscal Year Ended December 31, 2011

 

Item

Number

       Page
Number
 
PART I   

1.

 

Business

     3   

1A.

 

Risk Factors

     26   

1B.

 

Unresolved Staff Comments

     35   

2.

 

Properties

     35   

3.

 

Legal Proceedings

     36   

4.

 

Mine Safety Disclosures

     36   
PART II   

5.

 

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

     37   

6.

 

Selected Financial Data

     38   

7.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

     40   

7A.

 

Quantitative and Qualitative Disclosures about Market Risk

     58   

8.

 

Financial Statements and Supplementary Data

     59   

9.

 

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

     59   

9A.

 

Controls and Procedures

     59   

9B.

 

Other Information

     60   
PART III   

10.

 

Directors, Executive Officers and Corporate Governance

     61   

11.

 

Executive Compensation

     61   

12.

 

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

     61   

13.

 

Certain Relationships and Related Transactions, and Director Independence

     61   

14.

 

Principal Accountant Fees and Services

     62   
PART IV   

15.

 

Exhibits, Financial Statement Schedules

     63   
 

Signatures

     66   

 

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PART I

Item 1.    Business

Description of Certain Definitions and Data

In this annual report on Form 10-K (this “Form 10-K” or this “Report”) the terms “Company,” “Cumulus,” “we,” “us,” and “our” refer to Cumulus Media Inc. and its consolidated subsidiaries.

We use the term “local marketing agreement” (“LMA”) in this Report. In a typical LMA, the licensee of a radio station makes available, for a fee and reimbursement of its expenses, airtime on its station to a party which supplies programming to be broadcast during that airtime, and collects revenues from advertising aired during such programming. In addition to entering into LMAs, we from time to time enter into management or consulting agreements that provide us with the ability, as contractually specified, to assist current owners in the management of radio station assets, subject to Federal Communications Commission (“FCC”) approval. In such arrangements, we generally receive a contractually specified management fee or consulting fee in exchange for the services provided.

Unless otherwise indicated, as disclosed herein:

 

   

we obtained total radio industry listener and revenue levels from the Radio Advertising Bureau (the “RAB”);

 

   

we derived historical market revenue statistics and market revenue share percentages from data published by Miller Kaplan, Arase & Co., LLP (“Miller Kaplan”), a public accounting firm that specializes in serving the broadcasting industry and BIA Financial Network, Inc. (“BIA”), a media and telecommunications advisory services firm;

 

   

we derived all audience share data and audience rankings, including ranking by population, except where otherwise stated to the contrary, from surveys of people ages 12 and over (“Adults 12+”), listening Monday through Sunday, 6 a.m. to 12 midnight, and based on, for an individual market, either the Arbitron Market Report (“Arbitron’s Market Report”), or the Nielsen Market Report (“Nielsen’s Market Report”); and

 

   

all dollar amounts are rounded to the nearest million.

Company Overview

We own and operate commercial radio station clusters throughout the United States. We believe we are the largest pure-play radio broadcaster in the United States based on number of stations owned and operated. At December 31, 2011, we owned or operated approximately 570 radio stations (including under LMAs) in 120 United States media markets and operated nationwide radio networks serving over 4,500 affiliates. At December 31, 2011, under LMAs, we provided sales and marketing services for seven radio stations in the United States.

We are a Delaware corporation, organized in 2002, and successor by merger to an Illinois corporation with the same name that had been organized in 1997.

Strategic Overview

Our operating strategy is primarily focused on generating internal growth through improving the portfolio of stations we own and operate, while enhancing our station portfolio and our business as a whole, through the acquisition of individual stations or clusters that satisfy our acquisition criteria. We further seek to use our national platform to develop new media businesses that we believe are synergistic with radio broadcasting.

 

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Our Company was formed in 1997 with an initial strategic focus on mid-sized markets throughout the United States. We historically focused on such markets because it was our belief that these markets, as compared to large markets, have been characterized by a higher ratio of local advertisers to national advertisers and a larger number of smaller-dollar customers, both of which have historically led to lower volatility in the face of changing macroeconomic conditions. We believed that the attractive operating characteristics of mid-sized markets, together with the relaxation of radio station ownership limits under the Telecommunications Act of 1996 (the “Telecom Act”) and FCC rules, created significant opportunities for growth from the formation of groups of radio stations within these markets. We focused on capitalizing on opportunities to acquire attractive markets at favorable purchase prices, taking advantage of the size and fragmented nature of ownership in those markets and to the greater attention historically given to the larger markets by radio station acquirers.

Although our historical focus was on mid-sized radio markets in the United States, we recognized that the large radio markets can provide an attractive combination of scale, stability and opportunity for future growth, particularly for emerging digital advertising initiatives. According to BIA, these markets typically have per capita and household income, and expected household after-tax effective buying income growth, in excess of the national average, which we believe makes radio broadcasters in these markets attractive to a broad base of radio advertisers, and allows a radio broadcaster to reduce its dependence on any one economic sector or specific advertiser. We also believe that having a national platform provides appropriate scale and additional opportunities to launch new digital media businesses and partner with other national media companies when appropriate. In furtherance of this strategy, in 2011, we completed our previously announced acquisition of the remaining 75.0% of the equity interests of Cumulus Media Partners, LLC (“CMP”) that we did not already own (the “CMP Acquisition”) and our previously announced acquisition (the “Citadel Acquisition”) of Citadel Broadcasting Corporation (“Citadel”), each as described in more detail below.

2011 Developments in our Business

CMP Acquisition

In October 2005, we announced the formation of CMP, a private partnership that we formed with affiliates of Bain Capital Partners LLC, The Blackstone Group L.P. and Thomas H. Lee Partners, in connection with the acquisition of the radio broadcasting business of Susquehanna Pfaltzgraff Corp. CMP, through its indirect wholly-owned subsidiary, CMP Susquehanna Radio Holdings Corp., owned 32 radio stations in nine markets, including San Francisco, Dallas, Houston, Atlanta, Cincinnati, Indianapolis, and Kansas City at the time of the CMP Acquisition. We completed the CMP Acquisition on August 1, 2011, pursuant to which CMP became an indirect wholly owned subsidiary of the Company.

Pursuant to a management agreement, we had operated CMP’s business since 2006. In connection with the CMP Acquisition, we issued 9.9 million shares of our common stock to affiliates of the three private equity firms that had collectively owned the 75.0% of CMP not owned by Cumulus (the “CMP Sellers”). Also in connection with the CMP Acquisition, the 3.7 million outstanding warrants to purchase stock of a subsidiary of CMP were amended and restated to become exercisable for up to 8.3 million shares of our common stock. For additional information regarding the CMP Acquisition, see Note 1, “Description of Business, Basis of Presentation and Summary of Significant Accounting Policies,” and Note 2, “Acquisitions and Dispositions.”

Citadel Acquisition and Related Financing Transactions

We completed the Citadel Acquisition on September 16, 2011 for an aggregate purchase price of approximately $2.3 billion, consisting of approximately $1.4 billion in cash, the issuance of 23.6 million shares of our Class A common stock, par value $0.01 per share (the “Class A common stock”), including 0.9 million restricted shares, warrants to purchase 47.6 million shares of Class A common stock, 2.4 million warrants held in reserve for potential future issuance related to the pending final settlement of certain outstanding unsecured claims arising from Citadel’s emergence from bankruptcy, and the consideration to repay the outstanding debt of Citadel. As a result of the Citadel Acquisition, Citadel became an indirect wholly owned subsidiary of Cumulus. At the time of the Citadel Acquisition, Citadel owned and operated 225 radio stations located in over 50 markets across the United States and a radio network, which produced and distributed a variety of radio programming and formats syndicated across approximately 4,000 station affiliates and 9,000 program affiliations.

Also on September 16, 2011 and in connection with the Citadel Acquisition, we issued and sold 51.8 million shares of Class A common stock and warrants to purchase 7.8 million shares of Class A common stock to an affiliate of Crestview Partners II, L.P. (“Crestview”), 125,000 shares of Series A preferred stock to an affiliate of Macquarie Capital (USA) Inc. (“Macquarie”), and 4.7 million shares of Class A common stock and immediately exercisable warrants to purchase 24.1 million shares of Class A common stock to UBS Securities LLC (“UBS”) and certain other entities.

In connection with the closing of the Citadel Acquisition and the completion of our previously announced related global refinancing (the “Global Refinancing”), on September 16, 2011, we repaid approximately $1.4 billion in outstanding senior or subordinated indebtedness and other obligations of (a) Cumulus, (b) certain of our other wholly-owned subsidiaries, and (c) Citadel. This Global Refinancing, and the cash portion of the purchase price paid in the Citadel Acquisition, were funded with (i) $1.325 billion in

 

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borrowings under a new first lien term loan, $200.0 million in borrowings under a new first lien revolving credit facility and $790.0 million in borrowings under a new second lien term loan, all as described in more detail in Note 8, “Long-Term Debt,” and (ii) proceeds from the sale of $475.0 million of our common stock, preferred stock and warrants to purchase common stock to certain investors (the “Equity Investment”) in a private placement exempt from the registration requirements under the Securities Act of 1933 (the “Securities Act”). The $610.0 million of 7.75% Senior Notes due 2019 (the “7.75% Senior Notes”) issued by us in May 2011 remained outstanding (see Note 2, “Acquisitions and Dispositions”).

Also in connection with the Citadel Acquisition and as part of the transactions contemplated by the Global Refinancing, the Company completed an internal restructuring into a holding company structure, which included transferring the remaining assets and operations held directly or indirectly by us, other than the equity interests of our direct wholly-owned subsidiary Cumulus Media Holdings Inc. (“Cumulus Holdings”), to Cumulus Holdings (the “Internal Restructuring”). In connection with the Internal Restructuring, all obligations under the 7.75% Senior Notes were assigned to and assumed by Cumulus Holdings, which was substituted for us as the issuer and primary obligor thereunder, and we provided a guarantee of all such obligations of Cumulus Holdings.

Industry Overview

The primary source of revenues for radio stations is the sale of advertising time to local, regional and national spot advertisers and national network advertisers. National spot advertisers assist advertisers in placing their advertisements in a specific market. National network advertisers place advertisements on a national network show and such advertisements will air in each market where the network has an affiliate. Over the past ten years, radio advertising revenue has represented a relatively stable 7.0% to 10.0% of the overall United States advertising market, and typically follows macroeconomic growth trends. In 2011, radio advertising revenues reached $17.4 billion.

Generally, radio is considered an efficient, cost-effective means of reaching specifically identified demographic groups. Stations are typically classified by their on-air format, such as country, rock, adult contemporary, oldies and news/talk. A station’s format and style of presentation enables it to target specific segments of listeners sharing certain demographic features. By capturing a specific share of a market’s radio listening audience with particular concentration in a targeted demographic, a station is able to market its broadcasting time to advertisers seeking to reach a specific audience. Advertisers and stations use data published by audience measuring services, such as Nielsen Media Research, to estimate how many people within particular geographical markets and demographics listen to specific stations.

The number of advertisements that can be broadcast by a station without jeopardizing listening levels and the resulting ratings is limited in part by the format of a particular station and the local competitive environment. Although the number of advertisements broadcast during a given time period may vary, the total number of advertisements broadcast on a particular station generally does not vary significantly from year to year.

A station’s local sales staff generates the majority of its local and regional advertising sales through direct solicitations of local advertising agencies and businesses. To generate national advertising sales, a station usually will engage a firm that specializes in soliciting radio-advertising sales on a national level. National sales representatives obtain advertising principally from advertising agencies located outside the station’s market and receive commissions based on the revenue from the advertising they obtain.

Our stations compete for advertising revenue with other broadcast radio stations in the market (including low power FM (“LPFM”) radio stations that are required to operate on a noncommercial basis) as well as other media, including newspapers, broadcast television, cable television, magazines, direct mail, coupons and outdoor advertising. In addition, the radio broadcasting industry is subject to competition from services that use new media technologies that are being developed or have already been introduced, such as the Internet and satellite-based digital radio services. Such services reach nationwide and regional audiences with multi-channel, multi-format, digital radio services that have a sound quality equivalent to that of compact discs. Competition among broadcast radio stations has also been heightened by the introduction of broadcast digital audio broadcasting (which is digital audio broadcasting delivered through earth-based equipment rather than satellites). See “— Federal Regulation of Radio Broadcasting — New Services.”

We cannot predict how existing, new or any future generated sources of competition will affect our performance and results of operations. The radio broadcasting industry historically has grown over the long term despite the introduction of new technologies for the delivery of entertainment and information, such as television broadcasting, cable television, audio tapes, compact discs and iPods. We believe population growth and greater availability of radios, particularly car and portable radios when combined with increased travel and commuting time, have contributed to this growth. There can be no assurance, however, that the development or introduction in the future of any new media technology will not have an adverse effect on the radio broadcasting industry in general or our stations in particular.

 

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Advertising Sales

Virtually all of our revenue is generated from the sale of local, regional, and national advertising for broadcast on our radio stations. In 2011, 2010 and 2009, approximately 72.6%, 84.5% and 89.5%, respectively, of our net broadcasting revenue was generated from the sale of local and regional advertising. Additional broadcasting revenue is generated from the sale of national advertising. The major categories of our advertisers consist of:

 

Amusement and recreation

   Banking and mortgage    Furniture and home furnishings

Arts and entertainment

   Food and beverage services    Healthcare services

Automotive dealers

   Food and beverage stores    Telecommunications

Each station’s local sales staff solicits advertising either directly from the local advertiser or indirectly through an advertising agency. We employ a tiered commission structure to focus our individual sales staffs on new business development. Consistent with our operating strategy of dedicated sales forces for each of our stations, we have also increased the number of salespeople per station. We believe that we can outperform the traditional growth rates of our markets by (1) expanding our base of advertisers, (2) training newly hired sales people and (3) providing a higher level of service to our existing customer base. This requires a larger sales staff than most of the stations employed at the time we acquired them. We support our strategy of building local direct accounts by employing personnel in each of our markets to produce custom commercials that respond to the needs of our advertisers. In addition, in-house production provides advertisers greater flexibility in changing their commercial messages with minimal lead-time.

Our national sales are made by a firm specializing in radio advertising sales on the national level, in exchange for a commission that is based on the gross revenue from the advertising obtained. Regional sales, which we define as sales in regions surrounding our markets to buyers that advertise in our markets, are generally made by our local sales staff and market managers. Whereas we seek to grow our local sales through larger and more customer-focused sales staffs, we seek to grow our national and regional sales by offering to key national and regional advertisers groups of stations within specific markets and regions that make our stations more attractive. Many of these large accounts have previously been reluctant to advertise in these markets because of the logistics involved in buying advertising from individual stations. Certain of our stations had no national representation before we acquired them.

Each of our stations has a general target level of on-air inventory available for advertising. This target level of inventory for sale may vary at different times of the day but tends to remain stable over time. Our stations strive to maximize revenue by managing their on-air inventory of advertising time and adjusting prices up or down based on supply and demand. We seek to broaden our advertiser base in each market by providing a wide array of audience demographic segments across our cluster of stations, thereby providing potential advertisers with an effective means to reach a targeted demographic group. Our selling and pricing activity is based on demand for our radio stations’ on-air inventory and, in general, we respond to this demand by varying prices rather than by varying our target inventory level for a particular station. Most changes in revenue are explained by some combination of demand-driven pricing changes and changes in inventory utilization rather than by changes in the available inventory. Advertising rates charged by radio stations, which are generally highest during morning and afternoon commuting hours, are based primarily on:

 

   

a station’s share of audiences and on the demographic groups targeted by advertisers (as measured by ratings surveys);

 

   

the supply and demand for radio advertising time and for time targeted at particular demographic groups; and

 

   

certain additional qualitative factors.

A station’s listenership is reflected in ratings surveys that estimate the number of listeners tuned into the station, and the time they spend listening. Each station’s ratings are used by its advertisers and advertising representatives to consider advertising with the station and are used by Cumulus to chart audience growth, set advertising rates and adjust programming.

Competition

The radio broadcasting industry is very competitive. The success of each of our stations depends largely upon rates it can charge for its advertising, the number of local advertising competitors, and the overall demand for advertising within individual markets. These conditions may fluctuate and are highly susceptible to macroeconomic conditions. Any adverse change in a particular market affecting

 

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advertising expenditures or any adverse change in the relative market share of the stations located in a particular market could have a material adverse effect on the revenue of our radio stations located in that market. There can be no assurance that any one or all of our stations will be able to maintain or increase advertising revenue market share.

Our stations compete for listeners and advertising revenues directly with other radio stations within their respective markets, as well as with other advertising media as discussed below. Additionally, new online music services have begun selling advertising locally, creating additional competition for both listeners and advertisers. Radio stations compete for listeners primarily on the basis of program content that appeals to a particular demographic group. By building a strong brand identity with a targeted listener base consisting of specific demographic groups in each of our markets, we are able to attract advertisers seeking to reach those listeners. Companies that operate radio stations must be alert to the possibility of another station changing its format to compete directly for listeners and advertisers. Another station’s decision to convert to a format similar to that of one of our radio stations in the same geographic area or to launch an aggressive promotional campaign may result in lower ratings and advertising revenue, increased promotion and other expenses and, consequently, lower our station Adjusted EBITDA (as defined under “— Advertising Revenues and Adjusted EBITDA”).

Factors that affect a radio station’s competitive position include station brand identity and loyalty, management experience, the station’s local audience rank in its market, transmitter power and location, assigned frequency, audience characteristics, local program acceptance and the number and characteristics of other radio stations and other advertising media in the market area. We attempt to improve our competitive position in each market by extensively researching and improving our stations’ programming, by implementing advertising campaigns aimed at the demographic groups for which our stations program and by managing our sales efforts to attract a larger share of advertising dollars for each station individually. However, we compete with some organizations that have substantially greater financial or other resources than we do.

Under federal laws and FCC rules, a single party can own and operate a number of stations in a local market, subject to certain limitations described below. We believe that companies that form groups of commonly owned stations or joint arrangements, such as LMAs, in a particular market may, in certain circumstances, have lower operating costs and may be able to offer advertisers in those markets more attractive rates and services. Although we currently operate multiple stations in each of our markets and intend to pursue the creation of additional multiple station groups in particular markets, our competitors in certain markets include other parties that own and operate as many or more stations than we do. We may also compete with those other parties or broadcast groups for the purchase of additional stations in those markets or new markets. Some of those other parties and groups are owned or operated by companies that have substantially greater financial or other resources than we do.

A radio station’s competitive position can be enhanced by a variety of factors, including changes in the station’s format and an upgrade of the station’s authorized power. However, the competitive position of existing radio stations is protected to some extent by certain regulatory barriers to new entrants. The operation of a radio broadcast station requires an FCC license, and the number of radio stations that an entity can operate in a given market is limited under FCC rules that became effective in 2004. The number of radio stations that a party can own in a particular market is dictated largely by whether the station is in a defined “Arbitron Metro” (a designation designed by a private party for use in advertising matters), and, if so, the number of stations included in that Arbitron Metro. In those markets that are not in an Arbitron Metro, the number of stations a party can own in the particular market is dictated by the number of AM and FM signals that together comprise that FCC-defined radio market. For a discussion of FCC regulation (including recent changes), see “— Federal Regulation of Radio Broadcasting.”

We cannot predict what other matters might be considered in the future by the FCC or Congress, nor can we assess in advance what impact, if any, the implementation of any of these proposals or changes might have on our business.

Employees

At December 31, 2011, we employed approximately 6,323 people, 4,261 of whom are employed full time. As a result of the Citadel Acquisition, we now have employees covered by collective bargaining agreements. Overall, we consider our relations with our employees to be satisfactory.

We employ various on-air personalities with large loyal audiences in their respective markets. On occasion, we enter into employment agreements with these personalities to protect our interests in those relationships that we believe to be valuable. The loss of one or more of these personalities could result in a short-term loss of audience share, but we do not believe that any such loss would have a material adverse effect on our financial condition or results of operations, taken as a whole.

 

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We generally employ one market manager for each radio market, or regional radio market, in which we own or operate stations. Historically, a market manager was responsible for all employees of the market and for managing all aspects of the radio operations. As we have reengineered our local sales strategy over the past year, the position of market manager has been significantly refocused on revenue achievement and many administrative functions are managed centrally by corporate employees. On occasion, we enter into employment agreements with market managers to protect our interests in those relationships that we believe to be valuable. The loss of a market manager could result in a short-term loss of performance in a market, but we do not believe that any such loss would have a material adverse effect on our financial condition or results of operations, taken as a whole.

Federal Regulation of Radio Broadcasting

General

The ownership, operation and sale of radio broadcast stations, including those licensed to us, are subject to the jurisdiction of the FCC, which acts under authority of the Communications Act of 1934, as amended (the “Communications Act”). The Telecommunications Act of 1996 (the “Telecom Act”) amended the Communications Act and directed the FCC to change certain of its broadcast rules. Among its other regulatory responsibilities, the FCC issues permits and licenses to construct and operate radio stations; assigns broadcast frequencies; determines whether to approve changes in ownership or control of station licenses; regulates transmission equipment, operating power, and other technical parameters of stations; adopts and implements regulations and policies that directly or indirectly affect the ownership, operation and employment practices of stations; regulates the content of some forms of radio broadcast programming; and has the authority under the Communications Act to impose penalties for violations of its rules.

The following is a brief summary of certain provisions of the Communications Act, the Telecom Act, and related FCC rules and policies (collectively, the “Communications Laws”). This description does not purport to be comprehensive, and reference should be made to the Communications Laws, public notices, and decisions issued by the FCC for further information concerning the nature and extent of federal regulation of radio broadcast stations. Failure to observe the provisions of the Communications Laws can result in the imposition of various sanctions, including monetary forfeitures and the grant of a “short-term” (less than the maximum term) license renewal. For particularly egregious violations, the FCC may deny a station’s license renewal application, revoke a station’s license, or deny applications in which an applicant seeks to acquire additional broadcast properties.

License Grant and Renewal

Radio broadcast licenses are generally granted and renewed for additional terms of a maximum of eight years at a time. Licenses are renewed by filing an application with the FCC. Petitions to deny license renewal applications may be filed by interested parties, including members of the public. While we are not currently aware of any facts that would prevent the renewal of our licenses to operate our radio stations, there can be no assurance that all of our licenses will be renewed for a full term.

Service Areas

The area served by AM stations is determined by a combination of frequency, transmitter power, antenna orientation, and soil conductivity. To determine the effective service area of an AM station, the station’s power, operating frequency, antenna patterns and its day/night operating modes are required. The area served by an FM station is determined by a combination of effective radiated power (“ERP”), antenna height and terrain with stations divided into eight classes according to these technical parameters.

Each class of FM radio station has the right to broadcast with a certain amount of ERP from an antenna located at a certain height above average terrain. The most powerful FM radio stations are Class C FM stations, which operate with up to the equivalent of 100 kilowatts (“kW”) of ERP at an antenna height of 1,968 feet above average terrain. These stations typically provide service to a large area that covers one or more counties (which may or may not be in the same state). There are also Class C0, C1, C2 and C3 FM radio stations which operate with progressively less power and/or antenna height above average terrain. Class B FM stations operate with the equivalent of up to 50 kW ERP at an antenna height of 492 feet above average terrain. Class B stations can serve large metropolitan areas and their outer suburban areas. There are also Class B1 stations that can operate with up to the equivalent of 25 kW ERP at an antenna height of 328 feet above average terrain. Class A FM stations operate with up to the equivalent of 6 kW ERP at an antenna height of 328 feet above average terrain, and often (but not always) serve smaller cities or suburbs of larger cities.

The following table sets forth, as of March 2, 2012, the market, call letters, FCC license classification, antenna height above average terrain (for FM stations only), power and frequency of all our owned and/or operated stations, all pending station acquisitions operated under an LMA, and all other announced pending station acquisitions:

 

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                      Expiration    FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

Date of License

  

Class

   (in feet)      Day      Night  

Abilene, TX

   KBCY FM    Tye, TX      99.7       August 1, 2013    C1      745         100.0         100.0   
   KCDD FM    Hamlin, TX      103.7       August 1, 2013    C0      984         100.0         100.0   
   KHXS FM    Merkel, TX      102.7       August 1, 2013    C1      745         99.2         99.2   
   KTLT FM    Anson, TX      98.1       August 1, 2013    C2      305         50.0         50.0   

Albany, GA

   WALG AM    Albany, GA      1590       April 1, 2012    B      N/A         5.0         1.0   
   WEGC FM    Sasser, GA      107.7       April 1, 2012    C3      312         11.5         11.5   
   WGPC AM    Albany, GA      1450       April 1, 2012    C      N/A         1.0         1.0   
   WJAD FM    Leesburg, GA      103.5       April 1, 2012    C3      463         12.5         12.5   
   WKAK FM    Albany, GA      104.5       April 1, 2012    C1      981         100.0         100.0   
   WNUQ FM    Sylvester, GA      102.1       April 1, 2012    A      259         6.0         6.0   
   WQVE FM    Albany, GA      101.7       April 1, 2012    A      299         6.0         6.0   

Albuquerque, NM

   KKOB AM    Albuquerque, NM      770       October 1, 2013    B      N/A         50.0         50.0   
   KKOB FM    Albuquerque, NM      93.3       October 1, 2013    C      4150         21.5         21.5   
   KMGA FM    Albuquerque, NM      99.5       October 1, 2013    C      4131         22.5         22.5   
   KNML AM    Albuquerque, NM      610       October 1, 2013    B      N/A         5.0         5.0   
   KRST FM    Albuquerque, NM      92.3       October 1, 2013    C      4160         22.0         22.0   
   KTBL AM    Los Ranchos, NM      1050       October 1, 2013    B      N/A         1.0         1.0   
   KDRF FM    Albuquerque, NM      103.3       October 1, 2013    C      4242         20.0         20.0   

Allentown, PA

   WCTO FM    Easton, PA      96.1       August 1, 2014    B      499         50.0         50.0   
   WLEV FM    Allentown, PA      100.7       August 1, 2014    B      1073         11.0         11.0   

Amarillo, TX

   KARX FM    Claude, TX      95.7       August 1, 2013    C1      390         100.0         100.0   
   KPUR AM    Amarillo, TX      1440       August 1, 2013    B      N/A         5.0         1.0   
   KPUR FM    Canyon, TX      107.1       August 1, 2013    A      315         6.0         6.0   
   KQIZ FM    Amarillo, TX      93.1       August 1, 2013    C1      699         100.0         100.0   
   KZRK AM    Canyon, TX      1550       August 1, 2013    B      N/A         1.0         0.2   
   KZRK FM    Canyon, TX      107.9       August 1, 2013    C1      476         100.0         100.0   

Ann Arbor, MI

   WLBY AM    Saline, MI      1290       October 1, 2012    D      N/A         0.5         0.0   
   WQKL FM    Ann Arbor, MI      107.1       October 1, 2012    A      289         3.0         3.0   
   WTKA AM    Ann Arbor, MI      1050       October 1, 2012    B      N/A         10.0         0.5   
   WWWW FM    Ann Arbor, MI      102.9       October 1, 2012    B      440         50.0         50.0   

Appleton, WI

   WNAM AM    Neenah Menasha, WI      1280       December 1, 2012    B      N/A         5.0         5.0   
   WOSH AM    Oshkosh, WI      1490       December 1, 2012    C      N/A         1.0         1.0   
   WPKR FM    Omro, WI      99.5       December 1, 2012    C2      495         25.0         25.0   
   WVBO FM    Winneconne, WI      103.9       December 1, 2012    C3      328         25.0         25.0   

Atlanta, GA

   WKHX FM    Marietta, GA      101.5       April 1, 2012    C0      1079         100.0         100.0   
   WYAY FM    Gainesville, GA      106.7       April 1, 2012    C      1657         77.0         77.0   
   WWWQ FM    Atlanta, GA      99.7       April 1, 2012    C0      1116         96.6         96.6   
   WNNX FM    College Park, GA      100.5       April 1, 2012    C2      978         12.5         12.5   

Augusta, ME

   WEBB FM    Waterville, ME      98.5       April 1, 2014    C1      305         61.0         61.0   
   WJZN AM    Augusta, ME      1400       April 1, 2014    C      N/A         1.0         1.0   
   WMME FM    Augusta, ME      92.3       April 1, 2014    B      499         50.0         50.0   
   WTVL AM    Waterville, ME      1490       April 1, 2014    C      N/A         1.0         1.0   

Bangor, ME

   WBZN FM    Old Town, ME      107.3       April 1, 2014    C2      436         50.0         50.0   
   WDEA AM    Ellsworth, ME      1370       April 1, 2014    B      N/A         5.0         5.0   
   WEZQ FM    Bangor, ME      92.9       April 1, 2014    B      787         20.0         20.0   
   WQCB FM    Brewer, ME      106.5       April 1, 2014    C      1079         100.0         100.0   
   WWMJ FM    Ellsworth, ME      95.7       April 1, 2014    B      1030         11.5         11.5   

Baton Rouge, LA

   KQXL FM    New Roads, LA      106.5       June 1, 2012    C2      486         50.0         50.0   

 

9


Table of Contents
                     

Expiration

Date

   FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

of License

  

Class

   (in feet)      Day      Night  
   WCDV FM    Hammond, LA      103.3       June 1, 2012    C      1004         100.0         100.0   
   WEMX FM    Kentwood, LA      94.1       June 1, 2012    C1      981         100.0         100.0   
   WIBR AM    Baton Rouge, LA      1300       June 1, 2012    B      N/A         5.0         1.0   
   WXOK AM    Port Allen, LA      1460       June 1, 2012    B      N/A         4.7         0.3   

Battle Creek, MI

   WBCK FM    Battle Creek, MI      95.3       October 1, 2012    A      269         3.0         3.0   
   WBXX FM    Marshall, MI      104.9       October 1, 2012    A      328         6.0         6.0   

Beaumont, TX

   KAYD FM    Silsbee, TX      101.7       August 1, 2013    C3      503         10.5         10.5   
   KBED AM    Nederland, TX      1510       August 1, 2013    D      N/A         5.0         0.0   
   KIKR AM    Beaumont, TX      1450       August 1, 2013    C      N/A         1.0         1.0   
   KFNC FM    Beaumont, TX      97.5       August 1, 2013    C      1955         100.0         100.0   
   KQXY FM    Beaumont, TX      94.1       August 1, 2013    C1      600         100.0         100.0   
   KSTB FM    Crystal Beach, TX      101.5       August 1, 2013    A      184         6.0         6.0   
   KTCX FM    Beaumont, TX      102.5       August 1, 2013    C2      492         50.0         50.0   

Binghamton, NY

   WAAL FM    Binghamton, NY      99.1       June 1, 2014    B      955         8.7         8.7   
   WHWK FM    Binghamton, NY      98.1       June 1, 2014    B      1296         6.7         6.7   
   WNBF AM    Binghamton, NY      1290       June 1, 2014    B      N/A         9.3         5.0   
   WWYL FM    Chenango Bridge, NY      104.1       June 1, 2014    A      833         0.9         0.9   
   WYOS AM    Binghamton, NY      1360       June 1, 2014    B      N/A         5.0         0.5   

Birmingham, AL

   WAPI AM    Birmingham, AL      1070       April 1, 2012    B      N/A         50.0         5.0   
   WJOX AM    Birmingham, AL      690       April 1, 2012    B      N/A         50.0         0.5   
   WAPI FM    Helena, AL      100.5       April 1, 2012    C1      1014         69.0         69.0   
   WUHT FM    Birmingham, AL      107.7       April 1, 2012    C1      1345         42.0         42.0   
   WJOX FM    Birmingham, AL      94.5       April 1, 2012    C0      1014         100.0         100.0   
   WZRR FM    Birmingham, AL      99.5       April 1, 2012    C0      1014         100.0         100.0   

Bismarck, ND

   KACL FM    Bismarck, ND      98.7       April 1, 2013    C1      837         100.0         100.0   
   KBYZ FM    Bismarck, ND      96.5       April 1, 2013    C1      963         100.0         100.0   
   KKCT FM    Bismarck, ND      97.5       April 1, 2013    C1      837         100.0         100.0   
   KLXX AM    Bismarck- Mandan, ND      1270       April 1, 2013    B      N/A         1.0         0.3   
   KUSB FM    Hazelton, ND      103.3       April 1, 2013    C1      965         100.0         100.0   

Boise, ID

   KBOI AM    Boise, ID      670       October 1, 2013    B      N/A         50.0         50.0   
   KIZN FM    Boise, ID      92.3       October 1, 2013    C      2717         48.0         48.0   
   KKGL FM    Nampa, ID      96.9       October 1, 2013    C      2717         48.0         48.0   
   KQFC FM    Boise, ID      97.9       October 1, 2013    C      2717         48.0         48.0   
   KTIK FM    New Plymouth, ID      93.1       October 1, 2013    C      2717         48.0         48.0   
   KTIK AM    Nampa, ID      1350       October 1, 2013    B      N/A         5.0         0.6   

Blacksburg, VA

   WBRW FM    Blacksburg, VA      105.3       October 1, 2019    C3      479         12.0         12.0   
   WFNR AM*    Blacksburg, VA      710       October 1, 2011    D      N/A         10.0         0.0   
   WNMX FM    Christiansburg, VA      100.7       October 1, 2019    A      886         0.8         0.8   
   WPSK FM    Pulaski, VA      107.1       October 1, 2019    C3      1207         1.8         1.8   
   WRAD AM    Radford, VA      1460       October 1, 2019    B      N/A         5.0         0.5   
   WWBU FM    Radford, VA      101.7       October 1, 2019    A      66         5.8         5.8   

Bridgeport, CT

   WEBE FM    Westport, CT      107.9       April 1, 2014    B      384         50.0         50.0   
   WICC AM    Bridgeport, CT      600       April 1, 2014    B      N/A         1.0         0.5   

Buffalo, NY

   WEDG FM    Buffalo, NY      103.3       June 1, 2014    B      348         49.0         49.0   
   WGRF FM    Buffalo, NY      96.9       June 1, 2014    B      712         24.0         24.0   
   WHLD AM    Niagra Falls, NY      1270       June 1, 2014    B      N/A         5.0         1.0   
   WHTT FM    Buffalo, NY      104.1       June 1, 2014    B      387         50.0         50.0   
   WBBF AM    Buffalo, NY      1120       June 1, 2014    D      N/A         1.0         0.0   

Cedar Rapids, IA

   KDAT FM    Cedar Rapids, IA      104.5       February 1, 2013    C1      551         100.0         100.0   

 

10


Table of Contents
                      Expiration    FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

Date of License

  

Class

   (in feet)      Day      Night  
   KHAK FM    Cedar Rapids, IA      98.1       February 1, 2013    C1      459         100.0         100.0   
   KRNA FM    Iowa City, IA      94.1       February 1, 2013    C1      981         100.0         100.0   
   KRQN FM    Vinton, IA      107.1       February 1, 2013    A      371         4.7         4.7   

Charleston, SC

   WSSX FM    Charleston, SC      95.1       December 1, 2019    C0      1001         100.0         100.0   
   WIWF FM    Charleston, SC      96.9       December 1, 2019    C      1768         100.0         100.0   
   WTMA AM*    Charleston, SC      1250       December 1, 2011    B      N/A         5.0         1.0   
   WWWZ FM*    Summerville, SC      93.3       December 1, 2011    C2      492         50.0         50.0   

Chattanooga, TN

   WGOW AM    Chattanooga, TN      1150       August 1, 2012    B      N/A         5.0         1.0   
   WGOW FM    Soddy-Daisy, TN      102.3       August 1, 2012    A      285         6.0         6.0   
   WOGT FM    East Ridge, TN      107.9       August 1, 2012    C3      328         25.0         25.0   
   WSKZ FM    Chattanooga, TN      106.5       August 1, 2012    C      1079         100.0         100.0   

Chicago, IL

   WLS AM    Chicago, IL      890       December 1, 2012    A      N/A         50.0         50.0   
   WLS FM    Chicago, IL      94.7       December 1, 2012    B      1535         4.4         4.4   

Cincinnati, OH

   WNNF FM    Cincinnati, OH      94.1       October 1, 2012    B      866         16.0         16.0   
   WOFX FM    Cincinnati, OH      92.5       October 1, 2012    B      866         16.0         16.0   
   WRRM FM    Cincinnati, OH      98.5       October 1, 2012    B      807         18.0         18.0   
   WGRR FM    Hamilton, OH      103.5       October 1, 2012    B      1037         11.0         11.0   
   WFTK FM    Lebanon, OH      96.5       October 1, 2012    B      810         19.5         19.5   

Colorado Springs, CO

   KKFM FM    Colorado Springs, CO      98.1       April 1, 2013    C      2290         71.0         71.0   
   KKMG FM    Pueblo, CO      98.9       April 1, 2013    C      2280         72.0         72.0   
   KKPK FM    Colorado Springs, CO      92.9       April 1, 2013    C      2198         60.0         60.0   
   KCSF AM    Colorado Springs, CO      1300       April 1, 2013    B      N/A         5.0         1.0   
   KVOR AM    Colorado Springs, CO      740       April 1, 2013    B      N/A         3.3         1.5   
   KATC FM    Colorado Springs, CO      95.1       April 1, 2013    C      2280         58.0         58.0   

Columbia, MO

   KBBM FM    Jefferson City, MO      100.1       February 1, 2013    C2      600         33.0         33.0   
   KBXR FM    Columbia, MO      102.3       February 1, 2013    C3      856         3.5         3.5   
   KFRU AM    Columbia, MO      1400       February 1, 2013    C      N/A         1.0         1.0   
   KJMO FM    Linn, MO      97.5       February 1, 2013    A      328         6.0         6.0   
   KLIK AM    Jefferson City, MO      1240       February 1, 2013    C      N/A         1.0         1.0   
   KOQL FM    Ashland, MO      106.1       February 1, 2013    C1      958         69.0         69.0   
   KPLA FM    Columbia, MO      101.5       February 1, 2013    C1      1063         42.0         42.0   
   KZJF FM    Jefferson City, MO      104.1       February 1, 2013    A      348         5.3         5.3   

Columbia, SC

   WISW AM    Columbia, SC      1320       December 1, 2019    B      N/A         5.0         2.5   
   WLXC FM*    Columbia, SC      103.1       December 1, 2011    A      308         6.0         6.0   
   WNKT FM    Eastover, SC      107.5       December 1, 2019    C2      548         40.0         40.0   
   WOMG FM    Lexington, SC      98.5       December 1, 2019    A      325         6.0         6.0   
   WTCB FM    Orangeburg, SC      106.7       December 1, 2019    C1      787         100.0         100.0   

Columbus-Starkville, MS

   WJWF AM    Columbus, MS      1400       June 1, 2012    C      N/A         1.0         1.0   
   WKOR FM    Columbus, MS      94.9       June 1, 2012    C2      492         50.0         50.0   
   WMXU FM    Starkville, MS      106.1       June 1, 2012    C2      502         40.0         40.0   
   WNMQ FM    Columbus, MS      103.1       June 1, 2012    C2      755         22.0         22.0   
   WSMS FM    Artesia, MS      99.9       June 1, 2012    C2      505         47.0         47.0   
   WSSO AM    Starkville, MS      1230       June 1, 2012    C      N/A         1.0         1.0   

Dallas, TX

   WBAP AM    Fort Worth, TX      820       August 1, 2013    A      N/A         50.0         50.0   
   WBAP FM    Flower Mound, TX      96.7       August 1, 2013    C      2038         90.0         90.0   
   KSCS FM    Fort Worth, TX      96.3       August 1, 2013    C      1611         99.0         99.0   
   KLIF AM    Dallas, TX      570       August 1, 2013    B      N/A         5.0         5.0   
   KPLX FM    Fort Worth, TX      99.5       August 1, 2013    C      1677         100.0         100.0   
   KLIF FM    Haltom City, TX      93.9       August 1, 2013    C2      394         50.0         50.0   
   KTCK AM    Dallas, TX      1310       August 1, 2013    B      N/A         25.0         5.0   
   KTDK FM    Sanger, TX      104.1       August 1, 2013    C3      630         6.2         6.2   

Danbury, CT

   WDBY FM    Patterson, NY      105.5       June 1, 2014    A      610         0.9         0.9   

 

11


Table of Contents
                      Expiration    FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

Date of License

  

Class

   (in feet)      Day      Night  
   WINE AM    Brookfield, CT      940       April 1, 2014    D      N/A         0.7         0.0   
   WPUT AM    Brewster, NY      1510       June 1, 2014    D      N/A         1.0         0.0   
   WRKI FM    Brookfield, CT      95.1       April 1, 2014    B      636         29.5         29.5   

Des Moines, IA

   KBGG AM    Des Moines, IA      1700       February 1, 2013    B      N/A         10.0         1.0   
   KHKI FM    Des Moines, IA      97.3       February 1, 2013    C1      469         105.0         105.0   
   KGGO FM    Des Moines, IA      94.9       February 1, 2013    C0      1066         100.0         100.0   
   KJJY FM    West Des Moines, IA      92.5       February 1, 2013    C2      541         41.0         41.0   
   KWQW FM    Boone, IA      98.3       February 1, 2013    C2      541         41.0         41.0   

Detroit, MI

   WJR AM    Detroit, MI      760       October 1, 2012    A      N/A         50.0         50.0   
   WDVD FM    Detroit, MI      96.3       October 1, 2012    B      787         20.0         20.0   
   WDRQ FM    Detroit, MI      93.1       October 1, 2012    B      669         26.5         26.5   

Dubuque, IA

   KLYV FM    Dubuque, IA      105.3       February 1, 2013    C2      348         50.0         50.0   
   KXGE FM    Dubuque, IA      102.3       February 1, 2013    A      308         2.0         2.0   
   WDBQ AM    Dubuque, IA      1490       February 1, 2013    C      N/A         1.0         1.0   
   WDBQ FM    Galena, IL      107.5       December 1, 2012    A      328         6.0         6.0   
   WJOD FM    Asbury, IA      103.3       February 1, 2013    C3      643         6.6         6.6   

Erie, PA

   WXKC FM    Erie, PA      99.9       August 1, 2014    B      492         50.0         50.0   
   WXTA FM    Edinboro, PA      97.9       August 1, 2014    B1      505         10.0         10.0   
   WRIE AM    Erie, PA      1260       August 1, 2014    B      N/A         5.0         5.0   
   WQHZ FM    Erie, PA      102.3       August 1, 2014    A      614         1.7         1.7   

Eugene, OR

   KEHK FM    Brownsville, OR      102.3       February 1, 2014    C1      919         100.0         100.0   
   KNRQ FM    Aloha, OR      97.9       February 1, 2014    C      1011         100.0         100.0   
   KSCR AM    Eugene, OR      1320       February 1, 2014    D      N/A         1.0         0.0   
   KUGN AM    Eugene, OR      590       February 1, 2014    B      N/A         5.0         5.0   
   KUJZ FM    Creswell, OR      95.3       February 1, 2014    C3      1207         0.6         0.6   
   KZEL FM    Eugene, OR      96.1       February 1, 2014    C      1093         100.0         100.0   

Faribault-Owatonna, MN

   KDHL AM    Faribault, MN      920       April 1, 2013    B      N/A         5.0         5.0   
   KQCL FM    Faribault, MN      95.9       April 1, 2013    A      328         3.0         3.0   
   KRFO AM    Owatonna, MN      1390       April 1, 2013    D      N/A         0.5         0.1   
   KRFO FM    Owatonna, MN      104.9       April 1, 2013    A      174         4.7         4.7   

Fayetteville, AR

   KAMO FM    Rogers, AR      94.3       June 1, 2012    C2      692         25.0         25.0   
   KFAY AM    Farmington, AR      1030       June 1, 2012    B      N/A         10.0         1.0   
   KQSM FM    Fayetteville, AR      92.1       June 1, 2012    C3      532         7.6         7.6   
   KMCK FM    Prairie Grove, AR      105.7       June 1, 2012    C1      476         100.0         100.0   
   KKEG FM    Bentonville, AR      98.3       June 1, 2012    C1      617         100.0         100.0   
   KYNG AM    Springdale, AR      1590       June 1, 2012    D      N/A         2.5         0.1   

Fayetteville, NC

   WFNC AM    Fayetteville, NC      640       December 1, 2019    B      N/A         10.0         1.0   
   WFVL FM    Lumberton, NC      102.3       December 1, 2019    A      279         6.0         6.0   
   WMGU FM    Southern Pines, NC      106.9       December 1, 2019    C2      469         50.0         50.0   
   WQSM FM    Fayetteville, NC      98.1       December 1, 2019    C1      830         100.0         100.0   
   WRCQ FM    Dunn, NC      103.5       December 1, 2019    C2      502         48.0         48.0   

Flint, MI

   WDZZ FM    Flint, MI      92.7       October 1, 2012    A      328         3.0         3.0   
   WWCK AM    Flint, MI      1570       October 1, 2012    D      N/A         1.0         0.2   
   WWCK FM    Flint, MI      105.5       October 1, 2012    B1      328         25.0         25.0   
   WFBE FM    Flint, MI      95.1       October 1, 2012    B      318         34.0         34.0   
   WTRX AM    Flint, MI      1330       October 1, 2012    B      N/A         5.0         1.0   

Florence, SC

   WBZF FM    Hartsville, SC      98.5       December 1, 2019    A      328         6.0         6.0   

 

12


Table of Contents
                      Expiration    FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

Date of License

  

Class

   (in feet)      Day      Night  
   WCMG FM    Latta, SC      94.3       December 1, 2019    C3      502         10.5         10.5   
   WHLZ FM    Marion, SC      100.5       December 1, 2019    C3      328         25.0         25.0   
   WMXT FM    Pamplico, SC      102.1       December 1, 2019    C2      479         50.0         50.0   
   WWFN FM    Lake City, SC      100.1       December 1, 2019    A      433         3.3         3.3   
   WYMB AM    Manning, SC      920       December 1, 2019    B      N/A         2.3         1.0   
   WYNN AM    Florence, SC      540       December 1, 2019    D      N/A         0.3         0.2   
   WYNN FM    Florence, SC      106.3       December 1, 2019    A      328         6.0         6.0   

Fort Smith, AR

   KBBQ FM    Van Buren, AR      102.7       June 1, 2012    C2      574         17.0         17.0   
   KLSZ FM    Fort Smith, AR      100.7       June 1, 2012    C2      459         50.0         50.0   
   KOAI AM    Van Buren, AR      1060       June 1, 2012    D      N/A         0.5         0.0   
   KOMS FM    Poteau, OK      107.3       June 1, 2013    C      1893         100.0         100.0   

Fort Walton Beach, FL

   WFTW AM    Ft. Walton Beach, FL      1260       February 1, 2020    D      N/A         2.5         0.1   
   WKSM FM*    Ft. Walton Beach, FL      99.5       February 1, 2012    C2      438         50.0         50.0   
   WNCV FM    Shalimar, FL      93.3       February 1, 2020    C2      469         50.0         50.0   
   WYZB FM    Mary Esther, FL      105.5       February 1, 2020    C3      305         25.0         25.0   
   WZNS FM    Ft. Walton Beach, FL      96.5       February 1, 2020    C1      438         100.0         100.0   

Grand Junction, CO

   KBKL FM    Grand Junction, CO      107.9       April 1, 2013    C      1486         100.0         100.0   
   KEKB FM    Fruita, CO      99.9       April 1, 2013    C      1546         79.0         79.0   
   KDBN FM    Parachute, CO      101.1       April 1, 2013    A      -1398         0.2         0.2   
   KEXO AM    Grand Junction, CO      1230       April 1, 2013    C      N/A         1.0         1.0   
   KKNN FM    Delta, CO      95.1       April 1, 2013    C0      1424         100.0         100.0   
   KMXY FM    Grand Junction, CO      104.3       April 1, 2013    C0      1464         100.0         100.0   

Grand Rapids, MI

   WJRW AM    Grand Rapids, MI      1340       October 1, 2012    C      N/A         1.0         1.0   
   WTNR FM    Holland, MI      94.5       October 1, 2012    B      499         50.0         50.0   
   WLAV FM    Grand Rapids, MI      96.9       October 1, 2012    B      489         50.0         50.0   
   WBBL FM    Greenville, MI      107.3       October 1, 2012    B      492         50.0         50.0   
   WHTS FM    Coopersville, MI      105.3       October 1, 2012    B      794         20.0         20.0   

Green Bay, WI

   WDUZ AM    Green Bay, WI      1400       December 1, 2012    C      N/A         1.0         1.0   
   WDUZ FM    Brillion, WI      107.5       December 1, 2012    C3      879         3.6         3.6   
   WKRU FM    Allouez, WI      106.7       December 1, 2012    C3      328         25.0         25.0   
   WOGB FM    Kaukauna, WI      103.1       December 1, 2012    C3      879         3.6         3.6   
   WPCK FM    Denmark, WI      104.9       December 1, 2012    C3      515         10.0         10.0   
   WQLH FM    Green Bay, WI      98.5       December 1, 2012    C1      499         100.0         100.0   

Harrisburg, PA

   WHGB AM    Harrisburg, PA      1400       August 1, 2014    C      N/A         1.0         1.0   
   WNNK FM    Harrisburg, PA      104.1       August 1, 2014    B      725         22.5         22.5   
   WWKL FM    Mechanicsburg, PA      93.5       August 1, 2014    A      719         1.3         1.3   
   WDVY FM    Hershey, PA      106.7       August 1, 2014    B      929         14.0         14.0   
   WQXA FM    York, PA      105.7       August 1, 2014    B      705         25.0         25.0   

Houston, TX

   KHJK FM    La Porte, TX      103.7       August 1, 2013    C      1936         94.9         94.9   
   KRBE FM    Houston, TX      104.1       August 1, 2013    C      1919         92.2         92.2   

Huntsville, AL

   WHRP FM    Gurley, AL      94.1       April 1, 2012    A      945         0.7         0.7   
   WUMP AM    Madison, AL      730       April 1, 2012    D      N/A         1.0         0.1   
   WVNN AM    Athens, AL      770       April 1, 2012    B      N/A         7.0         0.3   
   WVNN FM    Trinity, AL      92.5       April 1, 2012    A      423         3.1         3.1   
   WWFF FM    New Market, AL      93.3       April 1, 2012    C2      914         14.5         14.5   
   WZYP FM    Athens, AL      104.3       April 1, 2012    C      1116         100.0         100.0   

Indianapolis, IN

   WJJK FM    Noblesville, IN      104.5       August 1, 2012    B      492         50.0         50.0   
   WAYI FM    Sellersburg, IN      93.9       August 1, 2012    A      499         2.7         2.7   

 

13


Table of Contents
                      Expiration    FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

Date of License

  

Class

   (in feet)      Day      Night  
   WFMS FM    Fishers, IN      95.5       August 1, 2012    B      991         13.0         13.0   

Johnson City, TN

   WXSM AM    Blountville, TN      640       August 1, 2012    B      N/A         10.0         0.8   
   WJCW AM    Johnson City, TN      910       August 1, 2012    B      N/A         5.0         0.1   
   WGOC AM    Kingsport, TN      1320       August 1, 2012    B      N/A         5.0         0.5   
   WKOS FM    Kingsport, TN      104.9       August 1, 2012    A      492         2.8         2.8   
   WQUT FM    Johnson City, TN      101.5       August 1, 2012    C      1499         100.0         100.0   

Kalamazoo, MI

   WKFR FM    Battle Creek, MI      103.3       October 1, 2012    B      482         50.0         50.0   
   WKMI AM    Kalamazoo, MI      1360       October 1, 2012    B      N/A         5.0         1.0   
   WRKR FM    Portage, MI      107.7       October 1, 2012    B      486         50.0         50.0   

Kansas City, MO

   KCFX FM    Harrisonville, MO      101.1       February 1, 2013    C0      1099         100.0         100.0   
   KCHZ FM    Ottawa, KS      95.7       June 1, 2013    C1      981         98.0         98.0   
   KCJK FM    Garden City, MO      105.1       February 1, 2013    C1      1145         69.0         69.0   
   KCMO AM    Kansas City, MO      710       February 1, 2013    B      N/A         10.0         5.0   
   KCMO FM    Shawnee, KS      94.9       June 1, 2013    C0      1119         100.0         100.0   
   KMJK FM    North Kansas City, MO      107.3       February 1, 2013    C1      981         100.0         100.0   

Killeen-Temple, TX

   KLTD FM    Temple, TX      101.7       August 1, 2013    C3      410         16.5         16.5   
   KOOC FM    Belton, TX      106.3       August 1, 2013    C3      489         11.5         11.5   
   KSSM FM    Copperas Cove, TX      103.1       August 1, 2013    C3      558         8.6         8.6   
   KTEM AM    Temple, TX      1400       August 1, 2013    C      N/A         1.0         1.0   
   KUSJ FM    Harker Heights, TX      105.5       August 1, 2013    C2      600         33.0         33.0   

Knoxville, TN

   WIVK FM    Knoxville, TN      107.7       August 1, 2012    C      2077         91.0         91.0   
   WNML AM    Knoxville, TN      990       August 1, 2012    B      N/A         10.0         10.0   
   WNML FM    Friendsville, TN      99.1       August 1, 2012    A      328         6.0         6.0   
   WOKI FM    Oliver Springs, TN      98.7       August 1, 2012    C3      571         8.0         8.0   
   WNRX FM    Jefferson City, TN      99.3       August 1, 2012    A      653         0.9         0.9   

Kokomo, IN

   WWKI FM    Kokomo, IN      100.5       August 1, 2012    B      469         50.0         50.0   

Lafayette, LA

   KNEK AM    Washington, LA      1190       June 1, 2012    D      N/A         0.3         0.0   
   KRRQ FM    Lafayette, LA      95.5       June 1, 2012    C2      443         50.0         50.0   
   KSMB FM    Lafayette, LA      94.5       June 1, 2012    C      1079         100.0         100.0   
   KXKC FM    New Iberia, LA      99.1       June 1, 2012    C0      984         100.0         100.0   
   KNEK FM    Washington, LA      104.7       June 1, 2012    C3      328         25.0         25.0   

Lake Charles, LA

   KAOK AM    Lake Charles, LA      1400       June 1, 2012    C      N/A         1.0         1.0   
   KBIU FM    Lake Charles, LA      103.3       June 1, 2012    C2      479         35.0         35.0   
   KKGB FM    Sulphur, LA      101.3       June 1, 2012    C3      479         12.0         12.0   
   KQLK FM    De Ridder, LA      97.9       June 1, 2012    C2      492         50.0         50.0   
   KXZZ AM    Lake Charles, LA      1580       June 1, 2012    B      N/A         1.0         1.0   
   KYKZ FM    Lake Charles, LA      96.1       June 1, 2012    C1      479         100.0         100.0   

Lancaster, PA

   WIOV FM    Ephrata, PA      105.1       August 1, 2014    B      702         25.0         25.0   
   WIOV AM    Reading, PA      1240       August 1, 2014    C      N/A         1.0         1.0   

Lansing, MI

   WFMK FM    East Lansing, MI      99.1       October 1, 2012    B      600         28.0         28.0   
   WITL FM    Lansing, MI      100.7       October 1, 2012    B      643         26.5         26.5   
   WJIM AM    Lansing, MI      1240       October 1, 2012    C      N/A         0.9         0.9   
   WJIM FM    Lansing, MI      97.5       October 1, 2012    B      512         45.0         45.0   
   WMMQ FM    East Lansing, MI      94.9       October 1, 2012    B      492         50.0         50.0   
   WVFN AM    East Lansing, MI      730       October 1, 2012    D      N/A         0.5         0.1   

Lexington, KY

   WCYN FM    Cynthiana, KY      102.3       August 1, 2012    A      400         3.4         3.4   
   WLTO FM    Nicholasville, KY      102.5       August 1, 2012    A      373         4.6         4.6   
   WLXX FM    Lexington, KY      92.9       August 1, 2012    C1      850         100.0         100.0   

 

14


Table of Contents
                      Expiration    FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

Date of License

  

Class

   (in feet)      Day      Night  
   WVLK AM    Lexington, KY      590       August 1, 2012    B      N/A         5.0         1.0   
   WVLK FM    Richmond, KY      101.5       August 1, 2012    C3      541         9.0         9.0   
   WXZZ FM    Georgetown, KY      103.3       August 1, 2012    A      328         6.0         6.0   

Little Rock, AR

   KAAY AM    Little Rock, AR      1090       June 1, 2012    A      N/A         50.0         50.0   
   KARN AM    Little Rock, AR      920       June 1, 2012    B      N/A         5.0         5.0   
   KIPR FM    Pine Bluff, AR      92.3       June 1, 2012    C1      938         100.0         100.0   
   KLAL FM    Wrightsville, AR      107.7       June 1, 2012    C1      742         100.0         100.0   
   KPZK AM    Little Rock, AR      1250       June 1, 2012    B      N/A         2.0         1.2   
   KURB FM    Little Rock, AR      98.5       June 1, 2012    C0      1286         100.0         100.0   
   KARN FM    Sheridan, AR      102.9       June 1, 2012    C2      492         50.0         50.0   

Los Angeles, CA

   KABC AM    Los Angeles, CA      790       December 1, 2013    B      N/A         5.0         5.0   
   KLOS FM    Los Angeles, CA      95.5       December 1, 2013    B      3130         63.0         63.0   

Macon, GA

   WAYS AM    Macon, GA      1500       April 1, 2012    D      N/A         1.0         0.0   
   WDDO AM    Macon, GA      1240       April 1, 2012    C      N/A         1.0         1.0   
   WDEN FM    Macon, GA      99.1       April 1, 2012    C1      581         100.0         100.0   
   WROK FM    Macon, GA      105.5       April 1, 2012    C3      659         6.1         6.1   
   WLZN FM    Macon, GA      92.3       April 1, 2012    A      328         3.0         3.0   
   WMAC AM    Macon, GA      940       April 1, 2012    B      N/A         50.0         10.0   
   WMGB FM    Montezuma, GA      95.1       April 1, 2012    C2      390         46.0         46.0   
   WPEZ FM    Jeffersonville, GA      93.7       April 1, 2012    C1      679         100.0         100.0   

Melbourne, FL

   WAOA FM    Melbourne, FL      107.1       February 1, 2020    C1      486         100.0         100.0   
   WHKR FM*    Rockledge, FL      102.7       February 1, 2012    C2      433         50.0         50.0   
   WINT AM*    Melbourne, FL      1560       February 1, 2012    D      N/A         5.0         0.0   
   WSJZ FM    Sebastian, FL      95.9       February 1, 2020    C3      289         25.0         25.0   

Memphis, TN

   WRBO FM    Como, MS      103.5       June 1, 2012    C1      587         100.0         100.0   
   WGKX FM    Memphis, TN      105.9       August 1, 2012    C      993         100.0         100.0   
   WXMX FM    Millington, TN      98.1       August 1, 2012    C1      869         100.0         100.0   
   WKIM FM    Munford, TN      98.9       August 1, 2012    C1      614         100.0         100.0   

Minneapolis, MN

   KQRS FM    Golden Valley, MN      92.5       April 1, 2013    C      1034         100.0         100.0   
   KXXR FM    Minneapolis, MN      93.7       April 1, 2013    C      1034         100.0         100.0   
   WGVX FM    Lakeville, MN      105.1       April 1, 2013    A      499         2.6         2.6   
   WGVY FM    Cambridge, MN      105.3       April 1, 2013    C3      299         25.0         25.0   
   WGVZ FM    Eden Prairie, MN      105.7       April 1, 2013    A      833         1.0         1.0   

Mobile, AL

   WBLX FM    Mobile, AL      92.9       April 1, 2012    C      1708         98.0         98.0   
   WDLT FM    Chickasaw, AL      98.3       April 1, 2012    C2      548         40.0         40.0   
   WGOK AM    Mobile, AL      900       April 1, 2012    B      N/A         1.0         0.4   
   WXQW AM    Fairhope, AL      660       April 1, 2012    B      N/A         10.0         0.9   
   WABD FM    Atmore, AL      104.1       April 1, 2012    C      1708         98.0         98.0   

Modesto, CA

   KATM FM    Modesto, CA      103.3       December 1, 2013    B      499         50.0         50.0   
   KDJK FM    Mariposa, CA      103.9       December 1, 2013    A      2047         0.1         0.1   
   KESP AM    Modesto, CA      970       December 1, 2013    B      N/A         1.0         1.0   
   KHKK FM    Modesto, CA      104.1       December 1, 2013    B      499         50.0         50.0   
   KHOP FM    Oakdale, CA      95.1       December 1, 2013    B      633         29.5         29.5   
   KWNN FM    Turlock, CA      98.3       December 1, 2013    A      390         2.0         2.0   

Muncie, IN

   WLTI AM    New Castle, IN      1550       August 1, 2012    B      N/A         0.3         0.3   
   WMDH FM    New Castle, IN      102.5       August 1, 2012    B      499         50.0         50.0   

Muskegon, MI

   WLCS FM    North Muskegon, MI      98.3       October 1, 2012    A      456         1.6         1.6   
   WKLQ AM    Whitehall, MI      1490       October 1, 2012    C      N/A         1.0         1.0   

 

15


Table of Contents
                      Expiration    FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

Date of License

  

Class

   (in feet)      Day      Night  
   WVIB FM    Holton, MI      100.1       October 1, 2012    A      472         2.9         2.9   
   WLAW FM    Newaygo, MI      92.5       October 1, 2012    A      541         2.3         2.3   
   WWSN FM    Whitehall, MI      97.5       October 1, 2012    A      427         1.7         1.7   

Montgomery, AL

   WHHY FM    Montgomery, AL      101.9       April 1, 2012    C0      1096         100.0         100.0   
   WLWI AM    Montgomery, AL      1440       April 1, 2012    B      N/A         5.0         1.0   
   WLWI FM    Montgomery, AL      92.3       April 1, 2012    C0      1096         100.0         100.0   
   WMSP AM    Montgomery, AL      740       April 1, 2012    B      N/A         10.0         0.2   
   WMXS FM    Montgomery, AL      103.3       April 1, 2012    C      1096         100.0         100.0   
   WXFX FM    Prattville, AL      95.1       April 1, 2012    C2      1095         5.4         5.4   

Myrtle Beach, SC

   WDAI FM*    Pawley’s Island, SC      98.5       December 1, 2011    C3      666         6.1         6.1   
   WTOD AM*    Hartsville, SC      1450       December 1, 2011    C      N/A         1.0         1.0   
   WLFF FM*    Georgetown, SC      106.5       December 1, 2011    C2      492         50.0         50.0   
   WSEA FM*    Atlantic Beach, SC      100.3       December 1, 2011    C3      476         12.0         12.0   
   WSYN FM*    Surfside Beach, SC      103.1       December 1, 2011    C3      528         8.0         8.0   
   WHSC AM*    Conway, SC      1050       December 1, 2011    B      N/A         5.0         0.5   

Nashville, TN

   WQQK FM    Goodlettsville, TN      92.1       August 1, 2012    A      461         3.1         3.1   
   WSM FM    Nashville, TN      95.5       August 1, 2012    C      1230         100.0         100.0   
   WWTN FM    Hendersonville, TN      99.7       August 1, 2012    C0      1296         100.0         100.0   
   WGFX FM    Gallatin, TX      104.5       August 1, 2012    C1      1207         58.0         58.0   
   WKDF FM    Nashville, TN      103.3       August 1, 2012    C0      1234         100.0         100.0   

New Bedford, MA

   WBSM AM    New Bedford, MA      1420       April 1, 2014    B      N/A         5.0         1.0   
   WFHN FM    Fairhaven, MA      107.1       April 1, 2014    A      345         5.4         5.4   

New London, CT

   WQGN FM    Groton, CT      105.5       April 1, 2014    A      276         3.0         3.0   
   WXLM AM    Groton, CT      980       April 1, 2014    D      N/A         1.0         0.1   
   WMOS FM    Stonington, CT      102.3       April 1, 2014    A      345         5.4         5.4   

New Orleans, LA

   KMEZ FM    Port Sulphur, LA      106.7       June 1, 2012    C1      981         100.0         100.0   
   KKND FM    Belle Chasse, LA      102.9       June 1, 2012    C3      604         4.7         4.7   
   WRKN FM    Laplace, LA      92.3       June 1, 2012    C      1946         100.0         100.0   
   WMTI FM    Picayune, MS      106.1       June 1, 2012    C2      659         28.0         28.0   

New York, NY

   WABC AM    New York, NY      770       June 1, 2014    A      N/A         50.0         50.0   
   WPLJ FM    New York, NY      95.5       June 1, 2014    B      1339         6.7         6.7   

Odessa-Midland, TX

   KBAT FM    Monahans, TX      99.9       August 1, 2013    C1      574         100.0         100.0   
   KGEE FM    Pecos, TX      97.3       August 1, 2013    A      70         0.3         0.3   
   KMND AM    Midland, TX      1510       August 1, 2013    D      N/A         2.4         0.0   
   KNFM FM    Midland, TX      92.3       August 1, 2013    C      984         100.0         100.0   
   KODM FM    Odessa, TX      97.9       August 1, 2013    C1      361         100.0         100.0   
   KRIL AM    Odessa, TX      1410       August 1, 2013    B      N/A         0.9         0.2   
   KZBT FM    Midland, TX      93.3       August 1, 2013    C1      440         100.0         100.0   

Oklahoma City, OK

   KATT FM    Oklahoma City, OK      100.5       June 1, 2013    C1      1542         28.9         28.9   
   KKWD FM    Bethany, OK      104.9       June 1, 2013    A      328         6.0         6.0   
   WWLS FM    The Village, OK      98.1       June 1, 2013    C      1542         28.9         28.9   
   KQOB FM    Enid, OK      96.9       June 1, 2013    C      1480         98.0         98.0   
   KYIS FM    Oklahoma City, OK      98.9       June 1, 2013    C      1542         100.0         100.0   
   WWLS AM    Moore, OK      640       June 1, 2013    B      N/A         5.0         1.0   
   WKY AM    Oklahoma City, OK      930       June 1, 2013    B      N/A         5.0         5.0   

Oxnard-Ventura, CA

   KBBY FM    Ventura, CA      95.1       December 1, 2013    B      876         12.5         12.5   
   KHAY FM    Ventura, CA      100.7       December 1, 2013    B      1211         39.0         39.0   
   KVEN AM    Ventura, CA      1450       December 1, 2013    C      N/A         1.0         1.0   
   KVYB FM    Santa Barbara, CA      103.3       December 1, 2013    B      2969         105.0         105.0   

Pensacola, FL

   WCOA AM*    Pensacola, FL      1370       February 1, 2012    B      N/A         5.0         5.0   
   WJLQ FM*    Pensacola, FL      100.7       February 1, 2012    C      1708         98.0         98.0   
   WRRX FM*    Gulf Breeze, FL      106.1       February 1, 2012    A      407         3.9         3.9   

 

16


Table of Contents
                      Expiration    FCC    Height
Above
Average
Terrain
     Power
(in  Kilowatts)
 

Market

  

Stations

  

City of License

   Frequency     

Date of License

  

Class

   (in feet)      Day      Night  

Portland, ME

   WBLM FM    Portland, ME      102.9       April 1, 2014    C0      1427         100.0         100.0   
   WCYY FM    Biddeford, ME      94.3       April 1, 2014    B1      482         11.5         11.5   
   WHOM FM    Mount Washington, NH      94.9       April 1, 2014    C      3744         48.0         48.0   
   WJBQ FM    Portland, ME      97.9       April 1, 2014    B      889         16.0         16.0   

Portsmouth, NH

   WOKQ FM    Dover, NH      97.5       April 1, 2014    B      492         50.0         50.0   
   WPKQ FM    North Conway, NH      103.7       April 1, 2014    C      3803         21.5         21.5   
   WSAK FM    Hampton, NH      102.1       April 1, 2014    A      328         3.0         3.0   
   WSHK FM    Kittery, ME      105.3       April 1, 2014    A      371         2.2         2.2   

Poughkeepsie, NY

   WALL AM    Middletown, NY      1340       June 1, 2014    C      N/A         1.0         1.0   
   WCZX FM    Hyde Park, NY      97.7       June 1, 2014    A      1030         0.3         0.3   
   WEOK AM    Poughkeepsie, NY      1390       June 1, 2014    D      N/A         5.0         0.1   
   WKNY AM    Kingston, NY      1490       June 1, 2014    C      N/A         1.0         1.0   
   WKXP FM    Kingston, NY      94.3       June 1, 2014    A      545         2.3         2.3   
   WPDA FM    Jeffersonville, NY      106.1       June 1, 2014    A      627         1.6         1.6   
   WPDH FM    Poughkeepsie, NY      101.5       June 1, 2014    B      1539         4.4         4.4   
   WRRB FM    Arlington, NY      96.9       June 1, 2014    A      1007         0.3         0.3   
   WRRV FM    Middletown, NY      92.7       June 1, 2014    A      269         6.0         6.0   
   WZAD FM    Wurtsboro, NY      97.3       June 1, 2014    A      719         0.6         0.6   

Presque Isle, ME

   WBPW FM    Presque Isle, ME      96.9       April 1, 2014    C1      430         100.0         100.0   
   WOZI FM    Presque Isle, ME      101.9       April 1, 2014    C2      1207         7.9         7.9   
   WQHR FM    Presque Isle, ME      96.1       April 1, 2014    C      1280         95.0         95.0   

Providence, RI

   WPRO AM    Providence, RI      630       April 1, 2014    B      N/A         5.0         5.0   
   WPRO FM    Providence, RI      92.3       April 1, 2014    B      551         39.0         39.0   
   WPRV AM    Providence, RI      790       April 1, 2014    B      N/A         5.0         5.0   
   WEAN FM    Wakefield-Peacedale, RI      99.7       April 1, 2014    A      535         2.3         2.3   
   WWLI FM    Providence, RI      105.1       April 1, 2014    B      499         50.0         50.0   
   WWKX FM    Woonsocket, RI      106.3       April 1, 2014    A      518         1.2         1.2   

Quad Cities, IA

   KBEA FM    Muscatine, IA      99.7       February 1, 2013    C1      869         100.0         100.0   
   KBOB FM    DeWitt, IA      104.9       February 1, 2013    C3      469         12.5         12.5   
   KJOC AM    Davenport, IA      1170       February 1, 2013    B      N/A         1.0         1.0   
   KQCS FM    Bettendorf, IA      93.5       February 1, 2013    A      318         6.0         6.0   
   WXLP FM    Moline, IL      96.9       December 1, 2012    B      499         50.0         50.0   

Reno, NV

   KBUL FM    Carson City, NV      98.1       October 1, 2013    C      2293         74.0         74.0   
   KKOH AM    Reno, NV      780       October 1, 2013    B      N/A         50.0         50.0   
   KNEV FM    Reno, NV      95.5       October 1, 2013    C      2280         60.0         60.0   
   KWYL FM    South Lake Tahoe, CA      102.9       December 1, 2013    C      2927         39.0         39.0   

Rochester, MN

   KDCZ FM    Eyota, MN      103.9       April 1, 2013    A      567         1.3         1.3   
   KFIL AM    Preston, MN      1060       April 1, 2013    D      N/A         1.0         0.0   
   KFIL FM    Chatfield, MN      103.1       April 1, 2013    C3      522         3.5         3.5   
   KDZZ FM    Saint Charles, MN      107.7       April 1, 2013    A      571         2.0         2.0   
   KOLM AM    Rochester, MN      1520       April 1, 2013    B      N/A         10.0         0.8   
   KROC AM    Rochester, MN      1340       April 1, 2013    C      N/A         1.0         1.0   
   KROC FM    Rochester, MN      106.9       April 1, 2013    C0      1109         100.0         100.0   
   KVGO FM    Spring Valley, MN      104.3       April 1, 2013    C3      512         10.0