Mergers & Acquisitions
What was once a failed purchase of numerous Arkansas stations in 2020 has turned into a multi-million dollar transaction in The Natural State. Broadcast Industry Group LLC has reached an agreement to acquire eleven radio stations and two translators in Arkansas and Mississippi from High Plains Radio Network.
The purchase of KEVA-LD Boise, Idaho, by Roseland Broadcasting tops the latest list of TV station transactions submitted to the FCC for its approval, according to BIA Advisory Services.
1TV.COM, INC. and ROCKET RADIO CORPORATION are selling Classic Rock KBSZ-A (97.3/1260 THE RATTLER)/APACHE JUNCTION, AZ and K247CF/PAYSON, AZ to WILLIAM TUCKER's WOOK RADIO DC INC. for $850,000 ($50,000 and $75,000 deposits, $725,000 in a promissory note).
The trustee that has been placed in charge of the stations owned by Royce International Broadcasting by a federal bankruptcy judge has asked the court to approve his plan to move forward with an auction of the three FMs, three FM translators, and one AM held by the company in three markets.