Whether you're looking for urban adult music in Miami or talk radio in Atlanta, Cox Radio has the frequency. The company is one of the nation's largest radio broadcasters, with about 85 stations in about 20 markets, including Atlanta, Houston, and Miami. Through Cox Radio Syndication, the company produces and distributes radio programming, including talk show host Neal Boortz, to more than 200 affiliate stations through a partnership with the Jones Radio Network (part of Triton Media). Its Cox Radio Interactive unit, meanwhile, creates websites for its stations and sells advertising on those sites. Cox Radio is part of Cox Media Group, a subsidiary of conglomerate Cox Enterprises.
Cox Radio has suffered along with the rest of the industry during the recession as advertisers rein in spending. Local advertising, which accounts for the majority of sales, has been especially hard hit during the economic slowdown. Like many of its rival radio broadcasters, Cox Radio owns multiple stations in most of the markets it serves. These clusters typically share certain business functions in an effort to reduce costs.
Cox Enterprises in 2009 acquired the shares of Cox Radio it didn't already own for about $70 million. It had controlled about 95% of the broadcasting business. The move came as part of an effort by Cox to streamline its media operations and followed the formation of Cox Media Group to oversee its portfolio newspapers (Cox Newspapers) and broadcast television stations. Cox Enterprises had spun off Cox Radio as a publicly traded company in 1996.