Lincoln Financial has announced that it has reached a definitive agreement with Greater Media to sell its Charlotte radio stations for $100 million in cash. The company will continue to operate and invest in its remaining radio properties to improve value and will explore options to divest those assets as market conditions dictate. The company also reached agreement to sale television stations in addition to the Charlotte radio group.
Locally, the Lincoln Financial properties include: KSON-FM, KSON-AM, KiFM, and FM94/9.