Report: Paul Allen Selling KXL, KXTG/Portland To Larry Wilson
May 12, 2009 at 5:03 AM (PT)
The OREGONIAN is reporting that PAUL ALLEN's ROSE CITY RADIO will sell Talk KXL-A and Sports KXTG (95.5 THE GAME)/PORTLAND to former CITADEL COMMUNICATIONS owner LARRY WILSON's ALPHA BROADCASTING for $11 million. WILSON, who sold his interest in CITADEL in 2001, told the paper that he will keep both stations' formats and has inked an extension to continue carrying ALLEN's PORTLAND TRAILBLAZERS basketball games on KXL for eight more seasons.
"I love the radio business, and I think the rumors of its demise are way overstated," WILSON told the OREGONIAN. "If it's community radio, the listenership is there, and these are two powerhouse radio stations."