Silent Mourning: Powell Won’t Repair Panama City FMs


On April 10, 2012, Paul McNicol as SVP signed off on an agreement that saw Double O Radio sell four FM radio stations in the nation’s 224th-largest rated market to a Baton Rouge-based diversified company with its roots in food distribution.

This entity, The Powell Group, took its success in the agriculture industry and expanded to land management, real estate and, in 1996, radio broadcasting with the purchase of two FM stations in Sioux City, Iowa.

On Friday, faced with the decision to invest in the substantial reconstruction of the stations it paid $950,000 for some 6 1/2 years ago or to abandon them, the Powell Broadcasting subsidiary chose the latter.  

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