Dial Global Merging with Westwood One

Dial Global, a division of Oaktree Capital Management-backed Triton Media Group, and The Gores Group-backed Westwood One (NASDAQ: WWON) have agreed to merge in a stock for stock transaction. The combined entity, which will continue to be listed on the NASDAQ, will provide radio programming, services and advertising sales representation. Debt financing for the transaction is being provided by GE Capital, ING Capital and Macquarie Capital.