Re: Washington State Radio Happenings

#1743
Craig_Adams
Participant

This from All Access:


Another Deal For Former New Northwest Tri-Cities, Yakima Stations


REVITALIZATION PARTNERS, the receiver for NEW NORTHWEST BROADCASTERS, has found another buyer for 12 stations and a translator in the TRI-CITIES and YAKIMA, WA markets, selling the group to JAMES INGSTAD’s INGSTAD RADIO WASHINGTON, LLC for $13.5 million. INGSTAD acquired $16,827,078.83 in first priority secured claims against NEW NORTHWEST from CIT LENDING SERVICES CORP. and made the $13.5 million offer as a credit bid. The FCC previously rejected a $6 million deal that would have sold 12 stations to TOWNSQUARE MEDIA and spun off 11 stations into a trust.

The stations include Oldies KARY-F (100.9 CHERRY FM)/GRANDVIEW, WA; Talk KBBO-A (TALK 980 K-USA)/SELAH-YAKIMA; Adult Hits KRSE (105.7 BOB FM), Country KXDD, Sports KJOX-A (ESPN RADIO 1390) and Top 40/Rhythmic KHHK (HOT 99.7)/YAKIMA; Sports KALE-A (960 ESPN), and Country KIOK (94.9 THE WOLF)/RICHLAND; Classic Hits KKSR (95.7 FUN FM)/WALLA WALLA; Classic Rock KEGX (EAGLE 106.5)/RICHLAND; Talk KTCR-A/KENNEWICK; and Top 40 KUJ-F (POWER 99.1)/BURBANK plus FM translator K232CB/PENDLETON.