Life Media Network International Acquiring Nine Stations
March 29, 2007 at 3:26 PM (PT)
LIFE MEDIA NETWORK INTERNATIONAL, which recently purchased USA RADIO NETWORK, has signed an agreement to acquire TOWER INVESTMENT TRUST CPs KLOW/RENO-PARIS, TX; KXXN/IOWA PARK-WICHITA FALLS, TX; KTTY/NEW BOSTON-TEXARKANA, TX; KSAQ/CHARLOTTE, TX; KSAG/PEARSALL, TX; KDRX/KHES/ROCK SPRINGS-DEL RIO, TX; WBNK/PINE KNOLL SHORES-NEW BERN, NC; and WLEL/ELLAVILLE-AMERICUS, GA and GARY HESS' KHES/ROCK SPRINGS-DEL RIO, TX. No purchases prices were disclosed.
"This is a step forward in the previously announced plans to acquire stations in the North TEXAS/DFW Market," said LMNI spokesman J. CLEMENS. "The group of radio stations involved in this announcement are all brand new, to-be-built stations. These stations will join other planned acquisitions, which are expected extend the reach of USA RADIO NETWORK's two 24-hour satellite channels."