Home Login
Subscribe
Subscribe Online Renew Subscription Subscribe By Mail/Fax Free Ten Day Trial Subscription Info Buy Radio Station Data
RADIO ONLINE
Advertise
Buy Advertising Online Ad Package Information Ad Package FAQs Ad Control Panel Ad Setup Wizard
RSS Facebook
Daily News
Changes & Moves
Top News
Business News
FCC Daily Digests
FCC News
Newsletters
Report News
RSS
Advertisement

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.

Advertisement

Latest Radio Stories

Beasley Q2 Revenue Falls, Adjusted EBITDA Rises
Beasley Broadcast Group
Beasley Broadcast Group
Beasley Broadcast Group reported second-quarter 2026 net revenue of $44.1 million, down from $53.0 million a year earlier, while Adjusted EBITDA increased to $5.3 million from $4.7 million. On a same-station basis, revenue declined 9.6%, reflecting continued weakness in traditional national and local More

Streaming Music Surpasses Radio in Daily Music Reach
Edison Research at SSRS
Edison Research at SSRS
Streaming music has surpassed AM/FM radio in daily music reach among Americans age 13 and older, according to the latest Share of Ear study from Edison Research at SSRS. As of the second quarter of 2026, 46% of Americans 13 listen to streaming music on a typical day, compared with 43% who listen to music More

Salem Media Narrows Q2 Loss as Revenue Falls 15%
Salem Media
Salem Media
Salem Media reported a sharply reduced net loss for the second quarter of 2026 despite a 15% decline in revenue, as lower operating expenses and impairment charges helped improve the company's bottom line. For the three months ended June 30, Salem posted total net revenue of $45.9 million, down 15.2% More
Advertisement

Townsquare Partners With Muirfield on Digital Ads
Townsquare Media
Townsquare Media
Townsquare Media has entered into a strategic digital advertising partnership with Muirfield Broadcasting, expanding its Media Partnerships division to 16 alliances covering 41 additional markets outside of Townsquare's owned-and-operated footprint. Muirfield Broadcasting More

Bay Rock Launches as Baltimore Classic Rock
Bay Rock
Bay Rock
Seaboard Networks has launched Bay Rock - Baltimore's Classic Rock, a new digital station designed to keep the format available in the market following WZBA's move from Classic Rock to Christian programming. Bay Rock is available around the clock through its website and is already streaming through the More

Audacy Insights: Economy Tops Issues for Commuters
Audacy Insights
Audacy Insights
Economic concerns are emerging as the dominant issue among voters heading into the 2026 midterm elections, particularly among Americans who regularly commute to work, according to new research commissioned by Audacy. The study of 1,000 registered U.S. voters, conducted with YouGov, found 54% of likely More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement

Follow us on:

 RSS Facebook

Copyright © 1989-2026 RADIO ONLINE ®

Airchecks Databases Jobs Newsletters Promotions Radio News Ratings Show Prep Advertise Submissions Subscribe Contact Us