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Sinclair Telecable Sells Five Towers to CTI


Bergner and Company
Bergner and Company

Sinclair Telecable who owns a cluster of radio stations in Norfolk, VA, and recently agreed to buy out their 51% partner Emmis Communications in Austin, TX, has sold five wireless towers in Virginia, to CTI Towers. CTI Towers either owns or operates over 500 towers in 39 states and is backed by Comcast Ventures CTI is headed by Tony Peduto. Sinclair is controlled by Bob and David Sinclair.

Michael J. Bergner of Bergner & Co. brokered this transaction. Bergner commented that "income producing towers remain in very high demand with multiples that far exceed station values". Bergner has already sold five tower deals in 2019.

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iHM Launches Holiday Music, Special Returns Nov. 26
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KOST Marks 25 Years as SoCal's Holiday Music Station
KOST-FM in Los Angeles
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iHeartMedia's KOST 103.5 in Los Angeles has once again ushered in the holiday season, officially flipping to nonstop festive music this morning for the 25th consecutive year. The annual tradition was celebrated live on the Ellen K Morning Show, where Gwen Stefani, Pentatonix and LeAnn More

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