On August 30, 2013, a deal was announced in which Townsquare would acquire 53 Cumulus Media stations, including KOEL, for $238 million. The deal was part of Cumulus' acquisition of Dial Global; Townsquare and Dial Global are both controlled by Oaktree Capital Management.[2][3] The sale to Townsquare was completed on November 14, 2013.[4]
Programming
On weekdays, KOEL broadcasts news/talk programming as well as local agriculture business, sports reports, community calendar, lunch specials and stock market reports, with ABC News Radio broadcast on the hour, along with Oelwein Huskies play by play.
At weekends, KOEL has brief news breaks from ABC News Radio with home improvement tips, field and stream radio, and classic country music (when not in special programming mode).