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The structure of the Group was quite complicated and prone to change as properties are acquired and divested. For instance, an example from 2005 shows that Davidson Media Group has among subsidiaries Davidson Media Holding Corp. and Davidson Media Holding Sub Corp., which together own Davidson Media Carolinas Stations LLC, which in turn owns Davidson Media Station WOLI Licensee LLC, the former license holder of WOLI-FM of Easley, South Carolina.