U.S. Markets closed

Emmis-Terre Haute to acquire WSDM-FM and WSDX-AM

Emmis-Terre Haute has signed an agreement to acquire WSDM-FM and WSDX-AM from Crossroads Investments LLC. The parties also signed a Local Programming and Marketing Agreement that will permit Emmis-Terre Haute to program and sell advertising on the stations beginning September 1. The closing of the purchase is subject to several conditions, including approval from the FCC, which is anticipated to take 45-60 days. After the close of the transaction, Emmis will own 21 radio stations in six U.S. markets. Financial terms were not disclosed.