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K-LOVE Closes on Purchase of Two Milwaukee FM Stations


K-Love
K-Love

K-LOVE, Inc. has completed the acquisition of 16kW AC WLDB-FM (93.3) and 8.8 kW Alternative WLUM-FM (102.1) from Milwaukee Radio Alliance, LLC for $4 million.

The seller, Milwaukee Radio Alliance, LLC (MRA), is a Wisconsin-based limited liability company led by acting CEO Diane Sutter. MRA continues to own additional radio properties in the Milwaukee-Racine market.

The buyer, K-LOVE, Inc., is a Tennessee-based nonprofit corporation headed by CEO Tom Stultz and owns or operates radio stations in all 50 states.

Kalil & Co., inc. served as the exclusive broker for the transaction.

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