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Comcast Closes On Susquehanna Cable/Net Buy
May 2, 2006 at 6:09 AM (PT)
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CUMULUS is expected to close on the SUSQUEHANNA deal this FRIDAY (5/5), but the other part of the deal, COMCAST's $540 million buy of SUSQUEHANNA's cable and Internet businesses, has closed. COMCAST announced that it was buying the 70% interest of the cable and Net operations it did not already own in OCTOBER. CUMULUS formed an investment partnership to buy SUSQUEHANNA's 33 stations for $1.2 billion.

