Advertisement |
SMM Acquires 46 Pennsylvania Stations from Forever Media
RADIO ONLINE | Thursday, October 13, 2022 |
![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
Kristin Cantrell's Seven Mountains Media has agreed to acquire 34 stations and 12 translators in five Pennsylvania markets from her father Kerby Confer's Forever Media in a deal valued at $17.4 million, plus the assumption of debt. Included in the deal are stations in State College, Altoona, Johnstown, Meadville-Franklin, Meadville-Franklin and Lebanon -- all in Pennslyvania.
In order to comply with current FCC ownership limits, Seven Mountains is spinning off five stations in State College to COO Jim Loftus's Covenant Communications for $1 million.
Advertisement |
Latest Radio Stories
WOZZ/Wausau-Stevens Point Flips to Mainstream Rock
|
Magellan AI Brings Cookie-Less IDs to Audio Measurement
|
iHeartRadio to Carry the Olympic Games Audio Live
|
Advertisement |
NAB Expresses Concerns Over Proposed New FM Station Class
|
RTDNA Finds Radio News Salaries Head Backwards by 11.5%
|
iHeartMedia Sacramento Names Steve Darnell Metro President
|