SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 5, 2006
Cox Radio, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-12187 58-1620022
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
6205 Peachtree Dunwoody Road
Atlanta, Georgia 30328
(Address of principal executive offices) (Zip Code)
(678) 645-0000
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the
Securities act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On April 5, 2006, Cox Radio, Inc. announced that Richard A. Ferguson would
be retiring from his position as Executive Vice President of Cox Radio,
effective as of May 31, 2006. Since May 1997, Mr. Ferguson also has served as a
member of the Board of Directors of Cox Radio, but he is not standing for
re-election to the Board at the annual meeting of stockholders scheduled for May
11, 2006. Mr. Ferguson's retirement and not standing for re-election are not
related to any dispute with Cox Radio, nor are they related to any accounting or
financial reporting issue.
Cox Radio issued a press release announcing the retirement of Mr. Ferguson,
and a copy of this release is being filed as Exhibit 99.1 with this report.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibit:
99.1 Press Release dated April 5, 2006
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: April 5, 2006 COX RADIO, INC.
By: /s/ Neil O. Johnston
---------------------------
Name: Neil O. Johnston
Title: Vice President
and Chief Financial Officer
Exhibit 99.1
[GRAPHIC OMITTED] NEWS
==============================================================================
FOR IMMEDIATE RELEASE
COX RADIO ANNOUNCES RETIREMENT OF
DICK FERGUSON AS EXECUTIVE VICE PRESIDENT, DIRECTOR
ATLANTA - April 5, 2006 - Cox Radio (NYSE: CXR) today announced that Dick
Ferguson has informed the Company of his intention to retire as Executive Vice
President on May 31, 2006. Mr. Ferguson, a radio industry veteran for more than
30 years, has been with the Company since April 1997, when Cox Radio acquired
NewCity Communications, a company he co-founded and headed as President and
Chief Executive Officer. Mr. Ferguson is not standing for re-election to Cox
Radio's Board of Directors in May 2006. He has been a director since May 1997.
Cox Radio plans to retain Mr. Ferguson, upon his retirement, as a consultant to
the Company in the area of acquisitions and station upgrades.
Mr. Ferguson commented, "Working with Bob Neil and the incredibly talented
and committed team at Cox Radio has been a truly rewarding experience. Choosing
Cox as the company to purchase NewCity ten years ago was one of my best business
decisions and has been a win-win for everyone involved. I am very proud of the
contribution of former NewCity employees in helping Cox Radio build on its
reputation as one of the best companies in our industry to work for. I am also
grateful to Jim Kennedy, Nick Trigony and the team at Cox Enterprises for their
support during my tenure with Cox."
Robert F. Neil, President and Chief Executive Officer, commented, "Dick has
been a friend and a mentor for 23 years. His contributions to the radio industry
and Cox Radio are only exceeded by his heart and sheer love for the radio
business. His integrity, passion, and caring for the people he works with are
examples that we should all strive for. Fortunately, we've talked him into
considering some consulting work for us, so we can continue to tap into his
great talents."
Mr. Ferguson, age 60, has served as a director of Cox Radio since May 1997,
and as Executive Vice President since February 2003. Prior to that, he served as
Vice-President and Co-Chief Operating Officer since July 1999, and as Vice
President and Chief Operating Officer since April 1997. Previously, Mr. Ferguson
served as President, Chief Executive Officer and a director of NewCity
Communications, Inc. since its organization in 1986. He served as President of
Katz Broadcasting Company, Inc., a subsidiary of Katz Communications, Inc., from
1981 to 1986, when he led a management group in organizing NewCity to purchase
all of the stock of Katz Broadcasting Company. Prior to 1981, he served as the
President of Park City Communications, Inc., until it was acquired by Katz
Communications. Mr. Ferguson is a past chairman of the Joint Board of Directors
of the National Association of Broadcasters and a member of the Radio Operators
Caucus.
About Cox Radio
Cox Radio is one of the largest radio broadcasting companies in the United
States, based on revenues. Cox Radio owns, operates or provides sales and
marketing services for 79 stations (66 FM and 13 AM) clustered in 18 markets,
including major markets such as Atlanta, Houston, Miami, Orlando, San Antonio
and Tampa. Cox Radio shares are traded on the New York Stock Exchange under the
symbol: CXR.
Contact:
Analysts and Investors Analysts, Investors, Press or Media
- -------------------------- ------------------------------------
Neil O. Johnston Jonathan Lesko
Vice President and Brainerd Communicators, Inc.
Chief Financial Officer 212-986-6667
Cox Radio, Inc.
678-645-4310