Headlines

Broker Larry Patrick fills us in on the $4.5 million sale of five small-market stations in Pennsylvania being sold by First Media to Seven Mountains. Yesterday, we told you about Forever Media picking up WCEI-FM in Easton, Maryland, from First Media for $6.5 million cash.

The well-respected and highly accomplished Kevin Weatherly is staying on with CBS Radio for several more years. A contract extension with CBS Radio was announced Tuesday that will keep Weatherly in his role as Senior Vice President of Programming, CBS RADIO, and Program Director of Los Angeles’ KROQ-FM, KAMP-FM, and KCBS-FM.

In an interview highlighting his new deal with CBS, Kevin Weatherly explains to Forbes contributor Steve Baltin why brands like KROQ in L.A. are still very important to big-time artists like Sting, U2, and Coldplay despite the media's love affair with streaming companies.

Earlier this year, after sitting in a trust since 2011, KFWB-AM was sold to Universal Media Access for $8 million. On Tuesday, it was announced that the station, which was carrying a South Asian format, was being purchased by Howard and Jim Kalmenson's Lotus Communications for $11.2 million.

And Kevin LeGrett (pictured) will become the new division’s President, which will include many regions formerly in its Central Division. The new division will now include the Los Angeles, San Diego/Riverside, Arizona, Red River, Houston, Dallas, and Austin/San Antonio Regions.

WTMJ Milwaukee host Charlie Sykes will step away from his daily radio show at the end of 2016. For 23 years, Sykes has hosted mid-mornings on WTMJ and has been one of the most listened-to talk show hosts in the Midwest. Here's why Sykes is walking away from the mic...

MLB's National League Division Series begins Friday and five CBS Radio stations will host live broadcasts from Wrigley Field that morning.

The name of the webcast is "FM Chips in Smartphones: An Evolving Landscape." It's being hosted by the NAB's PILOT program from 3 p.m. to 4 p.m. The guests will include NextRadio President Paul Brenner, Commonwealth CEO Steve Newberry and Skip Pizzi and David Layer from the NAB.

CASA is a national nonprofit organization which trains and supports volunteers to speak out and act as advocates for the best interests of abused and neglected children. And Bob 106.9 (Savannah-Hilton) co-host Karen “Red” Daiss was more than ready to hit the dance floor to support them.

In a letter to the special committee set up to consider Jeff Smulyan's plan to take the company private, shareholder Timothy Stabosz said Smulyan's offer "reeks" and the price he's offering for the company is an "insult." He has asked the committee to reject Smulyan's offer.