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Thursday, August 11, 2011

Townsquare to Pay $11 Million for Double O

The 26 small market stations Townsquare plans to add to its growing portfolio will cost $11 million. The 64-page purchase agreement was filed with the FCC yesterday and calls for a deposit of half a million. The 26 Double O stations are in Oneonta, NY, Midland-Odessa, TX, San Angelo, TX, Quincy-Hannibal, IL-MO and Sedalia, MO. Both sides are hoping this deal will close in the 4th quarter of this year.

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