Triton Media Group, LLC, the leading supplier of digital products and services to the media industry, announced today the purchase of Excelsior Radio Networks and its subsidiaries from Lincolnshire Management. Triton is a portfolio company of a fund managed by Oaktree Capital Management, L.P., a leading global investment management firm that manages approximately $51 billion in alternative markets for institutions and high net worth individuals. Senior management of Triton, Excelsior, Dial Global and MJI Interactive will retain meaningful ownership interests in Triton Media Group
The combination of Triton’s digital product suite with Excelsior’s Dial Global and MJI Interactive divisions will form one of the largest network radio and digital media advertising platforms in the United States, providing world-class digital products, network radio programming and services to existing and future broadcasters, advertisers and producer clients. In making the announcement, Neal Schore, President and CEO of Triton, commented, “We have structured a unique and powerful combination of best of breed products, services and content, providing proven online and on-air revenue generating solutions for both the broadcasting and advertising industries. We are truly impressed with the tremendous success that Excelsior has achieved. Mike Agovino and I are thrilled to partner with Spencer Brown, David Landau, Ken Williams, and the entire Excelsior team, and we’re very excited about the Company’s future.”