CBS Radio, a division of CBS Corp. (NYSE: CBS.A, CBS) will purchase 101.9 FM from Merlin Media LLC for $75 million.
CBS, headquartered in New York, plans to change the content of the station to broadcast its sports franchise, Sports Radio 66 WFAN. The all-sports format was launched in 1987.
The New York radio station currently broadcasts alternative rock music. The deal was announced Oct. 8.