Iowa Public Radio Buys Two From Connoisseur Media
August 5, 2011 at 3:55 AM (PT)
IOWA PUBLIC RADIO is buying Top 40/Rhythmic KZHZ (HITS 105.9)/PATTERSON, IA-DES MOINES and silent KZHC/PLEASANTVILLE, IA from CONNOISSEUR MEDIA for $1.75 million and will flip the stations to Classical serving the DES MOINES market, the organization announced THURSDAY (8/5).
IPR board member and IOWA STATE UNIVERSITY VP for Business and Finance WARREN MADDEN said “IPR has long sought to fill the gap in DES MOINES with a strong, reliable FM signal. As their fiscal agent, ISU is able to support an internal financing platform allowing the maturing statewide network to exercise its muscle for true growth.”
“Upon the creation of IPR, the organization was challenged to integrate operations of the public radio groups licensed to IOWA’s public universities, reduce their financial dependency on university funding and manage growth to serve a statewide audience,” said ROBERT DONNELLY, Executive Director for the Board of Regents. “It is clear that with the acquisition of the DES MOINES stations in addition to newly constructed stations in OTTUMWA and BETTENDORF and their planned expansion next year in SIOUX CITY that IPR is fulfilling a key tenet in their strategic plan to become a statewide network.”
“Our members in the greater DES MOINES area can now rely on a stronger, more reliable FM signal and our corporate sponsors will benefit from a greater reach in audience,” said CEO MARY GRACE HERRINGTON.
Harley Exits Tom, Rick, And Harley Broadcasting
In a transaction filed with the FCC, TOM, RICK, AND HARLEY BROADCASTING LLC is losing its HARLEY, as HARLEY BELEW withdraws from the company that owns Country KHLB/MASON, TX and AC KRZS (ROSE RADIO 99.9 FM)/HUNT, TX to take a job with a competitor, FOSTER CHARITABLE FOUNDATION Classic Rock KRVL (94.3 REV FM)/KERRVILLE, TX, as Operations Manager. Partners RICHMAN PHIPPS and TOM HERRING, JR. have consented to BELEW's withdrawal from the partnership.