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SMM Acquires 46 Pennsylvania Stations from Forever Media


Seven Mountains Media
Seven Mountains Media

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.

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