The Davidson Media Group (DMG)[1] is a Charlotte-based broadcaster specializing in multi-cultural, community focused formats. The company runs stations in a number of markets in 10 states and also specializes in selling large blocks of time on some of its stations to brokers who broadcast Spanish and/or urban contemporary gospel programs. Despite the minority-focus of DMG's market, the company itself is not minority-owned and is controlled through two private equity groups, CapStreet II LP and Citigroup Venture Capital.[1]
On February 13, 2009, SS Broadcasting Holdings (SSH) announced that it was purchasing Davidson Media Group for $1,000 cash and assumption of debt.[3] This transaction placed SSH in control of 43 stations previously licensed to DMG.[1]
Organization
The structure of the Group was quite complicated and prone to change as properties are acquired and divested. For instance, an example from 2005 shows that Davidson Media Group has among subsidiaries Davidson Media Holding Corp. and Davidson Media Holding Sub Corp., which together own Davidson Media Carolinas Stations LLC, which in turn owns Davidson Media Station WOLI Licensee LLC, the former license holder of WOLI-FM of Easley, South Carolina.[4]
Stations
As of mid-2007[update], Davidson Media operated over 40 stations in 17 states.[5]
WCVG/1320 AM: Covington, Kentucky; acquired July 16, 2006 for $1.9 million and converted to a Spanish language station.[6]
WVNZ/1320: Richmond "Selecta 1320" (sold to TBLC Media in 2015)
WREJ/990: Richmond "Newstalk 990" (sold to Radio Richmond in 2016)
WONA/1540: Richmond "Rejoice 1540" (donated to Delmarva Educational Association in 2016)
WEMG/1310: Camden (Philadelphia market) "Mega 1310" (sold to M.S. Acquisitions & Holdings, LLC in 2016)
References
^ abcSandoval, Catharine J. K. (2011). "Chapter 5. Minority Commercial Radio Ownership". In Napoli, Philip M.; Aslama, Minna (eds.). Communications Research in Action. Fordham University Press. p. 93. ISBN9780823233465. OCLC711860464.
^Peters, Mitchell, ed. (28 January 2012). "Executive Turntable". Billboard: 65, column 1 – via Google Books (full view). Univision Radio in New York names Felix Perez GM. He was present/CEO at Davison Media Group.
^ ab"0008 Legal Notices". Classified. The Greenville News. Greenville, South Carolina: Gannett. August 23, 2005. p. E1. Retrieved August 4, 2018 – via Newspapers.com.
^Hilliard, Larry (June 18, 2007). "Plans to increase tower height thwarted". Local News. The Gaffney Ledger. Gaffney, South Carolina. p. 2A. Retrieved August 5, 2018 – via Newspapers.com.
^Tenkotte, Paul A.; Claypool, James C., eds. (2015). "WCVG". The Encyclopedia of Northern Kentucky. University Press of Kentucky. p. 941, Column 1. ISBN9780813159966. OCLC900344819.
^Cobo, Leila (12 November 2005). "Latin Radio Flips Boost Ratings". Billboard. 117 (46): 8 – via Google Books. Davidson Media Group flipped WKKB Providence, R.I., from English to Spanish tropical in February and ratings jumped from 1.1 for the winter book to 2.7 this summer.