RadioInsight - Alpha Media/Digity Sale Price & Details

Alpha Media’s purchase of Digity was filed with the FCC.

Alpha will be paying $264 million for Digity’s 116 stations and six translators. As part of the deal Alpha will also assume Digity’s LMA of Sports “640 Sports” WMEN Royal Palm Beach and News/Talk 850 WFTL West Palm Beach, FL and a Shared Services Agreement to provide services to Matrix Broadcasting Classic Rock “103.9 The Fox” WFXF Dundee and AC “Star 105.5” WZSR Woodstock, IL.

Original Report 8/4: Alpha Media continues to grow at an expeditious pace as it nearly doubles in size with the acquisition of Digity Media and its 116 stations for an undisclosed price.

Digity was founded in 2013 when Dean Goodman purchased NextMedia’s radio holdings and merged them with his Palm Beach Broadcasting and GoodRadio.TV groups. The company then acquired Three Eagle Communications in 2014 to give them 113 stations across thirteen states. Among the markets Alpha will be expanding into are suburban Chicago and Dallas, Lincoln, Myrtle Beach, San Jose and West Palm Beach along with a bunch of unrated markets in the central states.

Once all announced acquisitions have closed Alpha Media will own 251 stations in 54 markets.

Alpha Media of Portland, Oregon announced today they have entered into a definitive agreement to purchase radio stations from Digity, LLC. Digity owns or operates 116 stations in 26 markets.

Larry Wilson, Chairman of Alpha Media will add the Digity markets to the one hundred thirty-five stations currently in the Alpha Media portfolio. When all pending deals are completed, it will bring the total number of stations owned by Alpha Media to 251. Commenting on the acquisition, Wilson said, “We are extremely pleased to be acquiring from exceptional operators and management who truly understand radio. Dean and his team have done a tremendous job with these stations. They will be a great addition to our live and local vision across the country.”

Dean Goodman, Chief Executive Officer of Digity Companies, LLC said, “Larry Wilson and I have a shared vision for the radio renaissance in progress now. Radio is live, local media enhanced by digital delivery and community focused events. Our success is the result of an employee environment of collaboration, transparency and innovation. I am honored to have worked with the great broadcasters at Digity and the dynamic growth they’ve created. Digity and Alpha are a perfect match.”

This transaction is subject to approval by the Federal Communications Commission and the Department of Justice.

George Reed of Media Services Group is the broker for Alpha Media. Piper Jaffray served as advisor to Alpha Media and RBC Capital Markets LLC served as financial advisor to Digity Media. Cooley LLP is legal counsel to Digity Media and Wiley Rein LLP is legal counsel to Alpha Media.

Upon the successful completion of all pending transactions, Alpha Media, headquartered in Portland, Oregon will own 251 radio stations within 54 markets across the United States covering all formats including Top 40, Adult Contemporary, Spanish, Urban, News Talk, Sports, Rock, Country and more. Inaddition to the radio stations, Alpha Media owns the intimate performance venues, Skype Live Studio in Portland, Oregon and Alamo Lounge in San Antonio, Texas.

The newly added Alpha Media stations are:

California

San Jose: AC 94.5 KBAY and Hot AC “Mix 106.5” KEZR

Florida

West Palm Beach: Hot AC 97.9 WRMF, Urban AC “X102.3” WMBX, Country 103.1 WIRK, AC “Sunny 107.9” WEAT and Urban “Beatz 96.3” W242CI. Digity also operates Sports 640 WMEN and News/Talk 850 WFTL.

Illinois

Joliet: AC “Star 96.7” WSSR, Country 98.3 WCCQ, Rock “Q Rock 100.7” WRXQ, News/Talk 1340 WJOL

Waukegan/Kenosha, WI (North Chicago Suburbs): Rock 95.1 WIIL, Hot AC 102.3 WXLC, Standards 1050 WLIP, Spanish Sports “ESPN Deportes 1220” WKRS

Western Chicago Suburbs: Classic Rock “95.9 The River” WERV

Iowa

Fairfield: Classic Hits “Classic 96” KKFS and Classic Country 1570 KMCD

Fort Dodge: Classic Rock “92.1 The Eagle” KZLB, Hot AC “Mix 94.5” KKEZ, Country “K97” KIAQ, AC “Sunny 99.7” KXFT, Oldies “Hippie Radio 105.9” KTLB, Classic Country 540 KWMT and Talk 1400 KVFD

Mason City: Country “93.9 The Moose” KIAI, Classic Hits “Superhits 102.7” KYTC, AC “Star 106.1” KLSS, News/Talk 1300 KGLO and Standards 1490 KRIB

Newton/Grinnell: Country 95.9 KCOB-FM, Hot AC “Energy 106.7” KRTI, Oldies 1280 KCOB and News/Talk 1410 KGRN

Michigan

Saginaw: Country “94.5 The Moose” WCEN, Talk/Sports “FM Talk 100.5” WSGW-FM, Hot AC “Mix 106.3” WGER, Urban AC “Kiss 107.1” WTLZ, News/Talk “Newsradio 790” WSGW

Minnesota

Albert Lea: AC “94.9 The Breeze” KCPI and Talk/Standards 1450 KATE

Austin: Country “US Country 99.9” KAUS-FM and News/Talk 1480 KAUS

Luverne: Country “K101” KLQL and Standards 800 KQAD

Mankato: Active Rock “95.7 The Rock Station” KMKO-FM, CHR “Z99” KEEZ and Country 103.5 KYSM

Redwood Falls/St. Peter: Country/Farm 1490 KLGR/95.9 K240DJ, Classic Hits “Mix 97.7” KLGR-FM and AC “105.5 The River” KRBI

Missouri

Cairo/Moberly: News/Talk 1230 KWIX/92.5 KWIX-FM, Christian AC “Glory 97.3” KTCM, Classic Hits “99.9 The Captain” KIRK and Country 104.7 KRES

Cameron/Bethany: Country 99.5 KAAN-FM, Classic Rock 100.1 KKWK, Oldies “AmeriKAAN” 870 KAAN/103.7 K279AP and Classic Country “US Country 1360” KMRN

Clinton: Country 95.3 KDKD-FM, Classic Rock “104.9 The Eagle” KXEA and Classic Hits “Classic 1280” KDKD

Farmington: Country “J98 The Boot” 98.5 KTJJ, Talk “Supertalk 800” KREI and Talk “Straight Talk 1400” KJFF

Waynesville/Lebanon: CHR 97.9 KFBD, Classic Rock “Z102.3” KOZQ-FM, Country 103.7 KJEL, Talk 790 KBNN, Sports “ESPN Radio 1270” KIIK and Talk 1390 KJPW

Nebraska

Columbus: Classic Rock “93.5 The Hawk” KKOT, Country “KZ 100” 100.3 KZEN, AC 101.1 KLIR, News/Talk 900 KJSK and Classic Country 1510 KTTT

Lincoln: Classic Rock “92.9 The Eagle” KTGL, Country “KX 96.9” KZKX, Rock “104.1 The Blaze” KIBZ, CHR 106.3 KFRX, News/Talk 1240 KFOR and Sports “ESPN 1480” KLMS

North Carolina

Greenville/New Bern/Jacksonville: Country “92.3/101.1 The Wolf” 92.3 WQSL/101.1 WQZL, CHR “Bob 93.3” WERO, Country 95.1 WRNS-FM/960 WRNS, Rock “Rock 105.5” WXQR and Standards 1330 WANG

Ohio

Canton: Hot AC “Mix 94.1” WHBC-FM and News/Talk 1480 WHBC

South Carolina

Myrtle Beach: Hot AC “Star 92.1” WMYB, Alternative 96.1 WKZQ, News/Talk “Hot Talk 99.5” WRNN-FM, Classic Rock “Wave 104.1” WYAV and Sports “ESPN Myrtle Beach” WRNN

South Dakota

Brookings: Hot AC “B93.7” KBRK-FM, Country “K-Country 102.3” KKQQ, Classic Rock “107.1 The Hawk” KDBX, Farm/Classic Country “910 The Ranch” KJJQ and News/Talk 1430 KBRK

Madison: Country 103.1 KJAM-FM and Classic Hits 1390 KJAM

Watertown: Country “KS 93” 92.9 KSDR, AC 96.1 KIXX-FM, Country 96.9 KDLO, Classic Hits “Hippie Radio 104.3” KKSD, News/Talk 950 KWAT and Talk/Sports 1480 KSDR

Texas

McKinney/North Dallas Suburbs: AC 97.5 KLAK

Sherman/Denison: Country “Katy 93.1” KMKT and Rock “Mad Rock 102.5” KMAD

Digity also handles sales for Matrix Broadcasting’s Rock “103.9 The Fox” WFXF and AC “Star 105.5” WZSR in Western Chicago Suburbs.

Alpha Media’s purchase of Digity was filed with the FCC.

Original Report 8/4: Alpha Media continues to grow at an expeditious pace as it nearly doubles in size with the acquisition of Digity Media and its 116 stations for an undisclosed price.

Once all announced acquisitions have closed Alpha Media will own 251 stations in 54 markets.

Alpha Media of Portland, Oregon announced today they have entered into a definitive agreement to purchase radio stations from Digity, LLC. Digity owns or operates 116 stations in 26 markets.

Larry Wilson, Chairman of Alpha Media will add the Digity markets to the one hundred thirty-five stations currently in the Alpha Media portfolio. When all pending deals are completed, it will bring the total number of stations owned by Alpha Media to 251. Commenting on the acquisition, Wilson said, “We are extremely pleased to be acquiring from exceptional operators and management who truly understand radio. Dean and his team have done a tremendous job with these stations. They will be a great addition to our live and local vision across the country.”

Dean Goodman, Chief Executive Officer of Digity Companies, LLC said, “Larry Wilson and I have a shared vision for the radio renaissance in progress now. Radio is live, local media enhanced by digital delivery and community focused events. Our success is the result of an employee environment of collaboration, transparency and innovation. I am honored to have worked with the great broadcasters at Digity and the dynamic growth they’ve created. Digity and Alpha are a perfect match.”

This transaction is subject to approval by the Federal Communications Commission and the Department of Justice.

George Reed of Media Services Group is the broker for Alpha Media. Piper Jaffray served as advisor to Alpha Media and RBC Capital Markets LLC served as financial advisor to Digity Media. Cooley LLP is legal counsel to Digity Media and Wiley Rein LLP is legal counsel to Alpha Media.

Upon the successful completion of all pending transactions, Alpha Media, headquartered in Portland, Oregon will own 251 radio stations within 54 markets across the United States covering all formats including Top 40, Adult Contemporary, Spanish, Urban, News Talk, Sports, Rock, Country and more. Inaddition to the radio stations, Alpha Media owns the intimate performance venues, Skype Live Studio in Portland, Oregon and Alamo Lounge in San Antonio, Texas.

The newly added Alpha Media stations are: