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Alpha Closes on Sale of Biloxi MS Cluster to TeleSouth

Alpha Media

Alpha Media has closed on its sale of six radio outlets in Biloxi, MS, to TeleSouth Communications. Included in the deal were 1kW WANG-AM (1490), 10kW WTNI-AM (1640), 50kW WCPR-FM (97.9), 4.3kW WGBL-FM (96.7), 25kw WQBB-FM (105.9) and 2.8kW WXYK-FM (107.1). TeleSouth is a Mississippi-based company headed by Stephen Davenport. It owns or operates 21 stations in 12 different markets. The company is divesting WXYK-FM in order to meet the FCC's market cap.

Alpha Media, is an Oregon-based company that owns 207 stations in 45 markets pending the completion of all announced transactions. Alpha Media CEO/President Bob Proffitt commented, "We are happy our group of great broadcasters in Biloxi/Gulfport are being sold to a good operator located in the state of Mississippi that is dedicated to live and local. We have a special place for everyone at these stations and wish them the very best."

Kalil & Co. broked the transaction for both parties.

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Broadcasters Foundation of America: Broadcasters Foundation of America held its annual breakfast during the NAB Show in Las Vegas, which honored several industry leaders. L-R: McVay Media President Mike McVay, Wiley Partner Kathleen Kirby, CBS and ABC Radio exec Don Bouloukos, RAB President/CEO Erica Farber, NBCU Local CRO & President Commercial Operations Frank Comerford, ABC Affiliate Relations Executive VP John Rouse, and ABC Radio Network President & ESPN Radio SVP Traug Keller.

Alpha Closes on Sale of Biloxi MS Cluster to TeleSouth

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Alpha Closes on Sale of Biloxi MS Cluster to TeleSouth

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Copyright © 1989-2024 RADIO ONLINE ®

Copyright © 1989-2024 RADIO ONLINE ^®