Journal Buys Renda's Tulsa Stations
March 7, 2012 at 7:54 AM (PT)
JOURNAL BROADCAST GROUP has announced the purchase of Top 40 KHTT (106.9 K-HITS) and Adult Hits KBEZ (92.9 BOB FM)/TULSA from RENDA BROADCASTING for an undisclosed price. JOURNAL owns Country KVOO, Classic Country KXBL, and Talk KFAQ-A in the market.
"We have high regard for RENDA BROADCASTING and their talented team and are very pleased to add these exceptional radio stations to our TULSA cluster," said JOURNAL Chairman/CEO STEVEN SMITH. "The combination of these high-quality stations will create a strong group that will continue to serve our listeners, customers and the entire TULSA community. This transaction is consistent with our strategic goal of creating additional scale in existing JOURNAL BROADCAST markets."
"We are pleased to have reached an agreement with JOURNAL for our two TULSA stations. This transaction will benefit both parties," said RENDA Founder/President ANTHONY F. RENDA, SR.
MICHAEL J. BERGNER of BERGNER & COMPANY advised JOURNAL on the transaction.