Alpha Media’s acquisition of six Buckley stations in two California markets has made it to the finish line. Broker: Dick Foreman of Richard A. Foreman Associates
The deal included four stations in Bakersfield and two in Merced. It takes the Alpha portfolio to a total of 83 stations.
The price was $5,800,000.
Larry Wilson, Chairman of Alpha Media, said, “The Buckley clusters in California will be a great addition to the west coast footprint. Merced is a unique city with a thriving arts scene and adventurous community. As one of the fastest growing regions in the nation, Bakersfield is a rich and vibrant city full of live and local opportunities.”
Joseph Bilotta, President and CEO of Buckley Broadcasting and Communications said, “In Alpha we will pass the mantle and stewardship of our broadcast facilities in Bakersfield and Merced, CA. We have owned these wonderful stations for over 20+ years and our employees, audiences and advertising partners will benefit from the energy and considerable resources of this multi-dimensional media and entertainment company headed by Larry Wilson.”
Included in the deal
Bakersfield CA
KNZR(AM)
KNZR-FM
KKBB(FM)
KLLY(FM)
Merced CA
KHTN(FM)
KUBB(FM)
