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Bible Broadcasting Network Acquires KXOT/Seattle


Bible Broadcasting Network Inc. has agreed to acquire 4.3kw News/Talk KXOT-FM/Seattle-Tacoma, WA (market number 13) from PRC Tacoma I LLC for $2.4 million in cash at closing. The deal is subject to FCC approval. Greg Guy of Patrick Communications served as the exclusive broker for the transaction.

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Beasley Broadcast Group reported a 12.3% year-over-year drop in second quarter net revenue to $53 million, as softness in the traditional audio advertising market outweighed gains in digital. On a same-station basis, revenue declined 11.1%. Operating income for the quarter ended More

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