Update 3/28: Townsquare Media has filed its divestitures from the acquisition of Cherry Creek Media with the FCC.
Anderson Radio Broadcasting will pay $150,000 for the licenses of CHR “Now 106.7” KXDR Pinesdale and Sports 1340 KYLT Missoula from Cherry Creek and CHR “107.5 Zoo-FM” KENR Superior and News/Talk 1240 KLYQ Hamilton MT from Townsquare.
Legacy Broadcasting, which operates the non-commercial “Today’s Christian Country” network heard on 89.9 KYMS Rathdrum ID/Spokane and 88.7 WCDG Dahlonega GA, will pay $60,000 for the license of AC “Max 98.7” KHKM Hamilton from Cherry Creek.
Townsquare will donate Alternative “Alt 101.5” KAMM Frenchtown to Missoula Community Radio. The LPFM will need to be divested ahead of the closing of the deal.
Townsquare will retain all of the programming and intellectual property for all of the divested stations.
Allen N. Blum will lead the Tri-Cities Divestiture Trust that will receive Cherry Creek Regional Mexican “La Super 92.5” KZHR Dayton and Townsquare CHR “97.5 Kiss-FM” KOLW Basin City in the Kennewick/Richland/Pasco WA market.
Original Report 3/25: Townsquare Media has submitted its $18.75 million acquisition of Cherry Creek Media to the FCC revealing which stations it will divest in Missoula MT and Kennewick/Richland/Pasco WA.
Anderson Radio Broadcasting will acquire the licenses of CHR “Now 106.7” KXDR Pinesdale and Sports 1340 KYLT Missoula from Cherry Creek and CHR “107.5 Zoo-FM” KENR Superior and News/Talk 1240 KLYQ Hamilton MT from Townsquare. Anderson will add those stations to their AC “99.3 The River” KQEZ St. Regis.
Legacy Broadcasting will acquire the license of AC “Max 98.7” KHKM Hamilton from Cherry Creek.
Missoula Community Radio, which operates LPFM 105.5 KFGM-LP Missoula, will acquire Alternative “Alt 101.5” KAMM Frenchtown from Townsquare. The LPFM will need to be divested.
Following the consummation of the deal, Townsquare will retain the licenses of Country “93.3 Eagle Country” KGGL Missoula, Country 94.9 KYSS-FM Missoula, Rock “96.3 The Blaze” KBAZ Hamilton, Classic Rock “Z100” KZOQ-FM Missoula, Conservative Talk 930/99.7 KMPT East Missoula, News/Talk 1290 KGVO/98.3 K252FP Missoula, Sports “Griz Sports 1450/92.7” KGRZ/K224AA and KHKM’s simulcaster 96.9 K245AP Missoula.
In Kennewick/Richland/Pasco, Cherry Creek Regional Mexican “La Super 92.5” KZHR Dayton and Townsquare CHR “97.5 Kiss-FM” KOLW Basin City will be placed in a divestiture trust. The company will retain “97 Rock” 97.1 KXRX Walla Walla, Hot AC “98.3 The Key” KEYW Pasco, Country 102.7 KORD-FM Richland, AC “Mix 105.3” KONA-FM Kennewick, News/Talk 610 KONA Kennewick-Richland-Pasco, News/Talk 870 KFLD/98.7 K254DP Pasco and the Pacific Northwest AG Network.
As the divestitures have not been finalized, the terms have not been disclosed. Townsquare requested that the six Missoula stations set for divestiture be placed in the trust should the planned sales fail to close.
