BALA CYNWYD, Pa., May 1, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC is continuing its investigation of the legal ramifications of the proposed acquisition of Cox Radio, Inc. ("Cox Radio" or the "Company") (NYSE:CXR) by Cox Media Group, Inc., ("Cox Media") a wholly owned subsidiary of Cox Enterprises, Inc. Cox Media previously offered Cox Radio shareholders $3.80 a share for their stock. On April 28, 2009, Cox Media raised its offer to $4.80 a share. The deal offered to Cox Radio shareholders continues to appear to be unfair given that Cox Radio stock traded at over $6.65 a share as recently as January 2009 and was trading at over $11.00 a share in September 2008.
If you are a Cox Radio shareholder and wish to discuss the legal ramifications of the proposed acquisition by Cox Media, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.