iHeart Sends Three To Divestment Trust

KUBE 104.9 Alt 102.9 KFOO Tacoma Talk 1430 WKOX BostonTo complete its swap with Entercom to acquire Talk 680 WRKO, News/Talk 1030 WBZ, Urban AC “The New 97.7” WKAF, and Classic Rock 100.7 WZLX in Boston along with Variety Hits 96.5 Jack-FM” KJAQ, Classic Rock 102.5 KZOK, Sports “CBS Sports 1090” KFNQ in Seattle, iHeartMedia is placing three stations in a divestment trust.

The Ocean States Trust is being created to operate Conservative Talk 1430 WKOX Everett MA, Alternative “Alt 102.9” KFOO Centralia WA and Rhythmic CHR 104.9 KUBE Eatonville WA. The trust will be managed by Jeanette Tully, who also oversees iHeart’s Aloha Stations Trust which holds fourteen stations across nine markets.

Due to the need for the divestment trusts, iHeartMedia will not be able to begin operating WRKO, KFNQ, KJAQ, or KZOK until the divestment of these three stations to the trust is completed. iHeart will begin to operate WBZ, WKAF, and WZLX via LMA the day Entercom closes on its merger with CBS Radio.

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Lance Venta is the Owner and Publisher of RadioInsight.com and a consultant for RadioBB Networks specializing in integration of radio and the internet. Lance has two decades of experience tracking the audio industry and its use of digital platforms.

5 Comments


  1. Is this a typo, or is iHeart actually barred from running WRKO-680 here in Boston until the “divestment to the trust” is complete, even if it’s after the date the CBS Radio/Entercom deal closes (which should be on or around November 15th)??


    • Me Bad!

      I made a typo of my own: The sentence in my post above should have read “which should be on or around November 17th”.


    • iHeart CANNOT operate WRKO or the Seattle stations until the divestment of WKOX, KFOO, and KUBE closes (most likely in early 2018).


      • That does pose a question of what happens to WKRO for the interregnum. Obviously neither Entercom or iHeart can operate it. I’m assuming it will be placed in a trust?


        • The licenses will be held by the Entercom Divestiture Trust that will hold the licenses for all the stations in Sacramento and San Francisco that Bonneville will be LMA’ing.

          The trustee will technically be operating those three stations in the interim.

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