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Milner Closes on Sale of Five Suburban Chicago Outlets
RADIO ONLINE | Tuesday, July 3, 2018 |
Milner Broadcasting Enterprises LLC, a Delaware limited liability company, has closed on its sale of five Illinois outlets to Milner Media Partners LLC, a Delaware limited liability company. The purchase price was determined based on the company's Adjusted Net Operating Income. Included in the deal were 3kW Oldies WVLI-FM (92.7) and 2.3kW CHR WFAV-FM (95.1)/Kankakee, 3.2 kW Country WIVR-FM (101.7)/Kentland, 3.6kW Country WYUR-FM (103.7)/Gilman and 0.25kW Oldies W241BS-FM (96.1)/Bourbonnais.
Bob Heymann of the Chicago office of Media Services Group and George Reed of the Jacksonville office of Media Services Group served as the brokers in the transaction.
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