Alpha Closes on Sale of Biloxi MS Cluster to TeleSouth
|RADIO ONLINE | Friday, March 1, 2019|
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.