The 19 stations in 4 markets Scripps still had in its portfolio will soon be gone, sold to Carl Parmer’s SummitMedia for $47 million. This is the fourth and final transaction in the sale of Scripps’ radio assets. The sales of Scripps’ radio stations total $83.5 million. million. The company announced in January its intent to sell its portfolio of 34 radio stations in eight markets.
SummitMedia is purchasing:
- KFDI (101.3 FM), KICT (95.1 FM), KFXJ (104.5 FM), KYQQ (106.5 FM) and KFTI (1070 AM) in Wichita, Kansas;
- KTTS (94.7 FM), KSPW (96.5 FM), KSGF (104.1 FM and 1260 AM) and KRVI (106.7 FM) in Springfield, Missouri;
- KEZO (92.3 FM), KSRZ (104.5 FM), KQCH (94.1 FM), KKCD (105.9 FM) and ESPN station KXSP (590 AM) in Omaha, Nebraska; and
- WWST (102.1 FM), WCYQ (100.3 FM), WKHT (104.5 FM) and WNOX (931. FM) in Knoxville, Tennessee.
Scripps already had announced the sale of five radio stations in Tulsa to Griffin Communications, two Milwaukee-based radio stations to Good Karma and eight stations in Boise and Tucson to Lotus.
The transaction is expected to close in the fourth quarter. The transaction is expected to close in the fourth quarter.
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