To meet ownership limits set by the FCC, iHeart would place WKOX into the Ocean Stations Trust in order to be sold off to a different owner. The merger was approved on November 9, 2017, and was consummated on the 17th.
To comply with FCC regulations, iHeart Radio transferred ownership of WKOX to the Ocean Stations Trust so it could be sold to a different owner. The merger was approved on November 9, 2017, and finalized on November 17, 2017.