3-7-2012
Journal Broadcast Group, says it's reached an agreement to purchase KHTT-FM and 92.9 BOB FM in Tulsa, OK, from Renda Broadcasting Corporation. The transaction is subject to FCC approval. Journal currently owns three stations in Tulsa including 98.5 KVOO FM (Country Variety), 99.5 KXBL FM (Country Classic), and 1170 KFAQ FM (Talk Radio).
Journal CEO Steven Smith said, "We have high regard for Renda Broadcasting and their talented team and are very pleased to add these exceptional radio stations to our Tulsa cluster. The combination of these high quality stations will create a strong group that will continue to serve our listeners, customers and the entire Tulsa community. This transaction is consistent with our strategic goal of creating additional scale in existing Journal Broadcast markets."
Renda CEO Tony Renda said "We are pleased to have reached an agreement with Journal for our two Tulsa stations. This transaction will benefit both parties. Pittsburgh-based RBC is a privately held radio broadcasting company. RBC and its affiliated companies own and operate 25 radio stations in 8 markets.
Michael J. Bergner of Bergner & Company advised Journal Communications on the transaction.
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