Gray Sells That Former Drewery FM. The Buyer Is Faith-focused

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For those keeping score of the radio station transactions of note that have been filed with the FCC for approval since the start of 2021, two things appear to be abundantly clear.


First, station valuations are in the toilet. Second, cash-rich religious broadcasters are now able to gain properties they couldn’t get a decade ago.

The latest deal to involve a Christ-focused radio station operation has been consummated. The seller is one of the largest TV broadcasting companies in the U.S.

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