$40 million closing in Portland


Larry Wilson’s Alpha Broadcasting is now the proud owner of KCMD-AM, KUPL-FM, KUFO-FM and KINK-FM, all in the Portland, OR market. The purchase from CBS Corporation for $40 million has closed.

Alpha, backed by the Endeavour Capital Fund V LP, already owned KXL-AM and KXTG-FM in the market, having purchased them from Paul Allen for $11 million. The latest deal was brokered by Kalil & Co.