Audacy to Receive $20 Million for St. Louis Cluster

RADIO ONLINE | Thursday, July 16, 2026 | 5:01pm CT

Audacy

Audacy will receive $20 million for the sale of its six-station St. Louis radio cluster to Hoffmann Media Group, according to an asset purchase agreement filed with the Federal Communications Commission.

The filing provides the first public disclosure of the transaction's financial terms since the companies announced the deal in late June. The sale remains subject to FCC approval.

The acquisition includes heritage News/Talk KMOX-AM/FM (1120/104.1), News/Talk KFTK-FM (97.1 FM Talk), Hot AC KYKY (Y98), AC KEZK (102.5), Urban AC WFUN-FM (96.3 The Lou), and Urban CHR WHHL-HD2 (Hot 98.7).

In a memo to employees, Audacy President and CEO Kelli Turner said the company had not been actively marketing its St. Louis stations but decided to pursue the transaction after Hoffmann Media Group approached the company with an offer that made strategic sense.

"This transaction is a win for both companies as well as for St. Louis listeners and partners," Turner wrote. "For Audacy, it reflects the strength and value of these outstanding brands as we focus our investments on strategic initiatives. We remain a leader in local audio across the country, and we're confident the St. Louis group will continue to thrive under Hoffmann's stewardship."

The acquisition marks Hoffmann Media Group's first entry into radio broadcasting, expanding its growing portfolio of newspapers and digital media properties. Former Audacy St. Louis Senior Vice President and Market Manager Becky Domyan is slated to return to lead the cluster as Market President once the transaction closes.

Audacy first announced the agreement on June 29 but did not disclose the purchase price at that time. The FCC filing now values the six-station cluster at $20 million.