Digity Acquires Three Eagles
Update 5/14: The sales of Three Eagles to Digity has been filed with the FCC. Digity will be paying $66,500,000 for the 48 stations.
Original Report 5/5: Digity Media has announced it has acquired the 48 stations owned by Three Eagles Communications for an undisclosed amount.
Three Eagles owns 48 stations in Nebraska, Iowa, Minnesota and South Dakota. The stations join the GoodRadio.TV stations in Missouri and Iowa, Palm Beach Broadcasting in West Palm Beach, and NextMedia stations that were previously rolled into the Digity umbrella under owner Dean Goodman. Once the sale closes the company will operate 113 stations.
Digity Companies has agreed to purchase Three Eagles Communications, a radio broadcasting company that owns and operates 48 stations in Nebraska, Iowa, Minnesota and South Dakota. The transaction is subject to Federal Communications Commission approval and is expected to close during the third quarter.
Digity was founded by Dean Goodman, its CEO, and Garrison Investment Group, through the merger of Palm Beach Broadcasting and GoodRadio.TV. The company is headquartered in Palm Beach County, Florida.
Dean Goodman said, “Digity is on-air, online, on-demand, on-location, and on-the-go. It connects today’s busy consumers with content they want, people they trust, products they enjoy and things that matter. We are very pleased to have signed the Three Eagles purchase and Digity intends to continue to grow in all areas of its operations.”Rolland Johnson, founder and CEO of Three Eagles, said he was excited to be able to sell the company to Digity. Johnson said: “ I think it is an excellent time to be buying stations. Radio seems to have survived the perfect storm and should come out stronger than ever. “ Johnson continued that “While on the NAB Board with Dean Goodman 10-12 years ago, Dean talked about his vision of buying stations and rolling them up into a diversified company.” It is great to have a vision like Dean’s and to be able to follow through with it. Dean is getting a group of hard working people with award winning stations who deserve a chance to participate in something as exciting as what Digity offers. I congratulate him on an excellent purchase.”Digity, through Palm Beach Broadcasting, operates four FM stations in the Palm Beach market. GoodRadio.TV operates 26 radio stations in Midwestern markets. Digity earlier this year purchased 33 radio stations from NextRadio and operates those stations in San Jose, Chicago, suburban Dallas, Saginaw, Canton, Greenville and Myrtle Beach.
Collectively, Digity is a diversified media, digital, entertainment and event marketing company that owns and operates (or has under contract) 113 live and local radio stations around the country. Subject to completion of the Three Eagles transaction, it will move to a top 5 radio group. Digity’s stations focus on raising funds for local charities, particularly children’s charities. As Digity’s media outlets say “We live here too.” A statement of its commitment to our hometowns.