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.
iHeart Radio needed to meet FCC ownership limits, so they transferred WKOX to the Ocean Stations Trust to sell it to a different owner. The merger was approved on November 9, 2017, and completed on November 17, 2017.