The sale has been filed with the FCC and 25-7 Media will pay $400,000 for the four Cherry Creek Media stations in Lamar and La Junta CO.
Aaron Leiker will hold a 51% stake in the newly formed company. Beacon Broadcasting head Robert Delancey, who owns a 25% share of that company will have a non-attributable 33 percent stake in 25-7 Media, while his daughter Janee Queen will own the final 16% stake.
Original Report 2/12: Aaron Leiker’s 25-7 Media has agreed to acquire Cherry Creek Media’s stations in La Junta and Lamar CO for an undisclosed price.
25-7 will purchase Classic Hits 1400 KBLJ and “Thunder Country” 92.1 KTHN in La Junta and Classic Country 920 KLMR and Classic Rock “93.5 The Curve” KLMR-FM Lamar. Leiker currently serves as Operations Manager of Beacon Broadcasting Country 100.7 KVAY Lamar.
25-7 Media, Inc. and Cherry Creek Media announced today their plans to formally file with the Federal Communications Commission to transfer ownership of 920 KLMR-AM and 93.5 KLMR-FM in Lamar and 1400 KBLJ-AM and 92.1 KTHN-FM in La Junta from Cherry Creek Media to 25-7 Media, Inc.
Regarding the transfer, Jonathan Brewster, Cherry Creek Media CEO, said, “We appreciate the great work our teams in Lamar and La Junta have done to serve their communities. With 25-7 Media’s local ownership and commitment to southern Colorado, we’re confident and pleased this effort will continue.”
25-7 Media, Inc. President and General Manager Aaron Leiker said, “Having grown up in Southeast Colorado, I have listened to these stations my entire life. I am excited to bring local ownership back to these heritage stations in our area. A commitment to serving the communities of Lamar and La Junta, Southeast Colorado, and the Hi-Plains region will be the driving force for 25-7 Media in this new venture.”
About 25-7 Media
25-7 Media is a media company based in Lamar, Colorado. Aaron Leiker serves as President and General Manager. Leiker was raised in Holly, Colorado. While in high school, Leiker started his radio career in Lamar. He graduated from Kansas State University with an emphasis in broadcast management. He has managed stations in both Kansas and Colorado.