The Davidson Media Group (DMG)[1] is a Charlotte-based broadcaster specializing in multi-cultural, community focused formats.
The company runs stations in a number of markets in 10 states and also specializes in selling large blocks of time on some of its stations to brokers who broadcast Spanish and/or urban contemporary gospel programs.
Despite the minority-focus of DMG's market, the company itself is not minority-owned and is controlled through two private equity groups, CapStreet II LP and Citigroup Venture Capital.
[2] On February 13, 2009, SS Broadcasting Holdings (SSH) announced that it was purchasing Davidson Media Group for $1,000 cash and assumption of debt.
[1] The structure of the Group was quite complicated and prone to change as properties are acquired and divested.