Triton Radio Acquires Jones Media Group
by Katy Bachman - Mediaweek
Solidifying its position as an aggressive player in the radio networks business, Triton Radio Networks, a wholly owned subsidiary of Triton Media Group, announced Friday (June 20) it had acquired Jones Media Group and its operating companies, from Jones International, for undisclosed terms.
The acquisition, which includes ad sales rep firm Jones Media America, Jones Radio Networks and JonesTM, expands Triton's programming and sales representation footprint to rub elbows with the three long-time stalwarts in network radio, ABC Radio Networks, Premiere Radio Networks and Westwood One.
It's the second major acquisition for Triton Media Group, a subsidiary of Oaktree Capital, which purchased Excelsior Radio Networks in February. That deal helped grow Triton's suite of digital and interactive products and services.
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