Hoffman Media Group to Acquire KMOX, St. Louis and Other Stations from Audacy
Numerous media outlets are reporting the blockbuster deal that will see the David Hoffman-controlled Hoffman Family of Companies take ownership of Audacy’s St. Louis cluster that includes heritage news/talk KMOX, talk KFTK-FM, and four music brands. According 
to KSDK-TV, St. Louis, Hoffman Media Group recently took majority ownership of Lee Enterprises, which owns the St. Louis Post-Dispatch. David Hoffman said in a statement to STLPR, “This is a deliberate step to accelerate the expansion of our media platform and establish it as one of the 
largest print and digital news organizations in the United States. With our planned acquisitions, combined with our existing portfolio of 154 newspapers and our expansion into radio, we expect to become the second-largest media company in the United States by year-end.” Audacy president and CEO Kelli Turner reportedly issued a memo to staff revealing the deal (in which the terms were not disclosed) and stated that Audacy will continue to own and operate the stations until the deal closes and that listeners, advertisers, partners and employees should expect “business as usual” during the approval process. See the KSDK-TV story here.
and Gabriel Brotman of Soros Fund Management. Audacy president and CEO Kelli Turner states, “The appointments of Walker and Gabe to the Audacy board of directors further advance our ability to capture all the opportunities we see across the fast-changing audio landscape. Their expertise and guidance will be invaluable as we continue to evolve our platform, strengthen our partnerships, and drive long-term value for our audiences, advertisers and shareholders.”
include Chris Oliviero rising from market president for New York to chief business officer; Bob Philips shifting from president of networks and multi-market sales to chief revenue officer; and deputy general counsel Mike Dash rising to EVP and general counsel. Audacy chairman and lead media investor in Soros Fund Management Michael Del Nin says, “On behalf of the Audacy board, we are delighted that Kelli Turner has agreed to take on the permanent president and CEO role and lead Audacy through its next phase of reinvention and growth. She is an exceptional media executive who, along with Chris Oliviero and the rest of the Audacy team, will ensure we continue to invest in high-quality content to engage our audiences and provide best-in-class solutions to our partners.”
indelible mark on the industry, growing Audacy from a few small radio stations into a scaled multi-platform audio content and entertainment powerhouse. He has built a great company with leading positions across the country’s largest markets and an outstanding portfolio of exclusive, premium audio content. Under David’s dedicated leadership, Audacy has been positioned for longterm success, and we look forward to working with Kelli and the entire team as the company begins its next exciting chapter.” In a statement, Field says, “Since I joined Audacy, then Entercom, we have grown from $10 million in revenues with ten niche radio stations into a $1.2 billion, multi-platform audio leader with one of the country’s two scaled radio broadcast groups, one of the largest podcast networks and the unrivaled top position in sports audio. Audacy recently completed a very successful 2024, delivering industry-leading EBITDA growth of more than 70% through the third quarter and significant revenue share gains across our radio and digital businesses. With the company in a strong competitive and financial position, now is the optimal time to pass the baton to new leadership. I am deeply proud of our extraordinary team and everything we have accomplished for our listeners, customers, partners, and communities. The company is in great hands, and I look forward to seeing the next chapter of Audacy’s success.”