UPDATE: Number of Cumulus stations in Nashville corrected.
Knoxville’s most popular radio station, WIVK, is a step closer to having a new owner. WIVK is currently part of Citadel Broadcasting Corp., a Las Vegas-based radio network which is being bought by Atlanta-based Cumulus Media Inc.
Citadel shareholders are expected to vote Thursday to approve the merger.
On Tuesday the companies announced that the Department of Justice had completed its antitrust review and the required waiting period had been ended. Last week, Cumulus agreed to sell two stations in Pennsylvania and one in Michigan to resolve DOJ antitrust concerns.
The merger is still subject to Federal Communications Commission approval.