Nothing like a good “Friday night news dump.” Bloomberg reports iHeart, the owner of multiple Syracuse radio stations, is in “preliminary” merger talks with satellite radio operator SiriusXM.
The report quotes unnamed sources who say “nothing is guaranteedcthe news gave iHeart stock a 35% bump before trading closed Friday, while SXM stock fell nearly 5%.
In Syracuse, iHeart owns B104.7 (WBBS, country), Y94FM (WYYY, adult contemporary), Hot 107.9 (WWHT, top 40), News Radio 570 WSYR (and simulcast 106.9 WSYR-FM) and Power 620 (WHEN, urban @AC).
Most of the programming throughout the cluster consists of nationally-syndicated programs or hosts voicetracked from other iHeart markets.
David Krause says:
Who is the surviving company?