Neuhoff Concludes Divestiture of Radio Group

RADIO ONLINE | Monday, July 1, 2024

Neuhoff Communications

Neuhoff Family LP, the parent company of Neuhoff Media-Springfield LLC and Neuhoff Media-Bloomington LLC has entered into an agreement to sell the assets of WFMB-AM & FM, WCVS-FM, WXAJ-FM and Channel1450.com in Springfield, IL and WBBE-FM, WWHX-FM and WIHN-FM in Bloomington, IL to Woodward Communications. (WCI). This transaction marks the final sale of the divestiture as part of a strategic decision by the Neuhoff family to exit the broadcast industry after nearly 70 years.

Neuhoff family trustee Julian Hickman commented, "This final sale is bittersweet for our family, reflecting both a proud legacy and an emotional farewell. Our grandfather, Roger Neuhoff, poured his heart into the broadcast industry since the mid-1950s. The stations have been a vital part of our family and community, and while we cherish the incredible journey, it is time to turn the page."

"We would like to thank the incredible teams of local broadcasters in Springfield and Bloomington. We will forever cherish the memories and the significant impact our stations had on the local communities," said Makena Neuhoff.

"I couldn't be happier to transition these tremendous brands and talented, committed local broadcasters to the Woodward team. They share Neuhoff's passion for localism and excellence," said Neuhoff Media Interim CEO Steve Wexler. "It's been an honor to be part of this closing chapter in the proud Neuhoff broadcast journey."

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

This is the final sale in the Neuhoff divestiture process. Kalil & Co., Inc. acted as broker for the seller.