98.5 Waterloo

FCC Rejects Townsquare Bid To Restore Three Stations From Trust

The FCC has rejected Townsquare Media’s bid to pull CHR “Q92.3” KKHQ-FM Oelwein, Classic Rock 97.7 KCRR Grundy Center, and Country “K98.5” KOEL-FM Cedar Falls, IA out of the Cedar Rapids Divestiture Trust. The agency ruled that Townsquare’s bid for a waiver to return the stations was inadvertently filed as a company must wait two years between market definition changes. The Waterloo-Cedar Falls market was disbanded in Spring 2012 after Bahakel Communications stopped subscribing to then Arbitron. Townsquare and Nielsen Audio (successor to Arbitron) agreed to restore the market starting with the Spring 2014 ratings period and the deal was filed in August 2014 to attempt to bring the stations out of the trust. With the ruling the three stations will return ...[Read More]