Neuhoff Media continues the sell-off of its radio holdings as it has agreed to sell its Lafayette IN stations to Saga Communications. Terms were not disclosed.
Rock “93.5 KHY” WKHY Lafayette, Classic Hits 98.7 WASK-FM Battle Ground, CHR “B102.9” WXXB Delphi, Country “K105” WKOA Lafayette, and Sports “101.7 The Hammer” 1450 WASK/W269DJ Lafayette. The deal marks Saga’s entry into Indiana.
Saga Communications, Inc. (Nasdaq -SGA) announced today that it has entered into an agreement to purchase the assets of WKOA (FM), WKHY (FM), WASK (FM), WXXB (FM), WASK (AM) and W269DJ from Neuhoff Communications, Inc. serving the Greater Lafayette, IN radio market.
Chris Forgy, President and Chief Executive Officer of Saga Communications, said, “We regretted missing the opportunity to acquire these stations a number of years ago when the Neuhoff family acquired them. These stations are a great fit for Saga. We see a lot of opportunity with these stations and this market and are pleased that the family has decided to entrust Saga with continuing these station’s long-standing heritage of serving the Greater Lafayette region. Saga intends to continue building its business in radio by identifying and acquiring middle market stations in dynamic communities.”
Saga is a media company whose business is devoted to acquiring, developing and operating broadcast properties with a growing focus on opportunities complimentary to our core radio business including digital, e-commerce and non-traditional revenue initiatives. Saga owns or operates broadcast properties in 27 markets, including 79 FM, 33 AM radio stations and 80 metro signals. For additional information, contact us at (313) 886-7070 or visit our website at www.sagacom.com.
This story first appeared on radioinsight.com