6-11-14
Wilks Broadcast Group is selling its Kansas City cluster, which includes KFKF(FM), KBEQ(FM), KMXV(FM), and KCKC(FM) to Steel City Media. Steel City Media is a family-owned Pittsburgh based business, that owns publishing, broadcasting and internet services. In Pittsburgh the company owns Q 92.9, Bob FM 96.9 and Pittsburgh City Paper, and several internet portals. Vice President of Steel City Media Michael Frischling said, ?We are excited about this great opportunity to add Kansas City?s premier radio cluster to our portfolio.?
Wilks CEO Jeff Wilks said, "We think Steel City is a great owner for these assets as an entrepreneurial, family-owned-and-operated business, which is not dissimilar to the culture at Wilks. We continue to look for compelling opportunities to create value in our business whether we are considering buying or selling radio assets in addition to focusing on strong operating performance across all of our market clusters.?
Michael Bergner of Bergner & Company served as the broker for the deal.
