Neuhoff Communications Plans to Divest Radio Group

RADIO ONLINE | Thursday, February 1, 2024

Neuhoff Family LP, the parent company of Neuhoff Media-Decatur LLC and Neuhoff Media-Danville LLC has entered into an agreement to sell the assets of WSOY-AM, WSOY-FM, WCZQ-FM, WDZ-AM, WDZQ-FM and NowDecatur.com in Decatur, IL along with WDAN-AM, WDNL-FM, WRHK-FM and VermilionCountyFirst.com in Danville, IL to Champaign Multimedia Group. This transaction is part of an overall strategic decision on behalf of the Neuhoff family to depart the broadcast industry after nearly 70 years,

Neuhoff family Julian Hickman trustee commented, "We are proud of what broadcast ownership has meant to our family, our employees, and the markets we serve. Our grandfather, Roger Neuhoff, began his ownership in the business during the mid-1950s. He loved the broadcast industry and was proud of the way our radio and television stations served their local communities."

"We would like to thank the incredible teams of local broadcasters in Decatur and Danville. We are proud of their daily dedication to their listeners, clients, and communities," said Makena Neuhoff.

"We are pleased to see the iconic local media brands of Neuhoff Media's Danville and Decatur markets all brought together through this historic transaction with the Champaign Multimedia Group," said Neuhoff Media President Mike Hulvey. "The next chapter for the Danville and Decatur radio stations and digital platforms will create something very special for each community," added Hulvey.

A filing of an ownership change application has been made with the FCC. The company expects to make additional announcements regarding future agreements as the Neuhoff divestiture process moves forward.

Neuhoff Family Limited Partnership and its local companies own and operate 24 broadcast signals, along with multiple digital platforms, in five radio markets across central Illinois and west central Indiana.

Kalil & Co., Inc. acted as the broker for this transaction.