Stephens Media Group is selling its four stations in Alexandria LA to Mark Porter’s Globecomm Media for $350,000.
Globecomm previously owned two stations in El Campo TX and Porter hosts the self-syndicated Classic Country show “Saturday Night Gold“. He has also programmed stations in Alexandria and served as Operations Manager for First Natchez Radio in Natchez MS.
In the deal, he will acquire Country “LA 103.5” KLAA Tioga, Christian AC “104.3 The Bridge” KEZP Bunkie, Classic Country “105.5 K-Buck” KBKK Ball, and AC “Sunny 106.9” KEDG Alexandria. Stephens recently closed on its purchase of KEDG, which it previously LMA’d for $332,000. The deal is structured with Globecomm paying $10,000 upfront, two monthly payments of $1,275 and then monthly payments of $3,571.03 for 118 months.
Stephens retains its cluster in Monroe LA and stations in California, New York, Oklahoma, Oregon and Washington.
