L&L Broadcasting Closes Triad Broadcasting Deal
May 1, 2013

L&L Broadcasting of Portland, OR announced the closing of its acquisition of 30 stations from Triad Broadcasting Company, LLC today. L&L Broadcasting now owns and operates 30 radio stations in five markets located in Biloxi, MS; Bluefield, WV; Fargo, ND; Hilton Head Island, SC/Savannah, GA and Peoria, IL.

Larry Wilson, Chairman of L&L Broadcasting, commenting on the acquisition, said, "We have acquired a group of excellent radio stations with very special people who do superb live and local radio." Wilson is also Chairman of Alpha Broadcasting LLC, the owner of six radio stations in the Portland, OR market.

Bob Proffitt, President/CEO of L&L Broadcasting said, "The acquisition of the Triad radio stations provides us a great way to launch our new company. Located in vibrant middle market cities, this group of stations strengthens our confidence that radio is very much alive and continues to be a solid, profitable industry. Once we met the stellar people from these stations, we knew that providing great radio in great local communities was still where we want to be."

L&L also announced today that is immediately spinning off the stations in Fargo, ND to Jim Ingstad, a long time broadcaster and local resident of Fargo, for $9.5 million.

Wilson stated, "Strategically the sale of our Fargo stations makes a lot of sense for us and we are very happy that we were able to sell them to a local broadcaster with a long track record of success in the radio business."

Ingstad, who recently sold his Fargo radio stations to Midwest Communications, added. "I am very happy to be able to continue my radio station involvement in Fargo."

Effective immediately and pending FCC approval, the Fargo stations will be operated by Ingstad pursuant to a local marketing agreement between L&L and Ingstad.




 
Breaking News
DTS To Acquire iBiquity Digital Corporation
Peter Schwartz Returns To CBS Radio San Diego As SVP/Market Manager & Director of Sales
Alpha Media Closes Purchase On Morris Communications
In Brief - September 2, 2015
September 1, 2014
National Radio Hall Of Fame Class Of 2015 Revealed
On The Verge Artist Hailee Steinfeld Debuts As Highest Female Solo Artist On Mediabase
In Brief - September 1, 2015
August 31, 2015
Scooter Braun Joins NASH Next Country Music Talent Competition
In Brief - August 31, 2015
August 28, 2015
iHeartMedia Promotes Hardin, Zellner and Maynard
WZMP (96.5 AMP Radio)/Philly New Line-Up Announced
KLUC/Las Vegas Adds Kayla To Chet Buchanan & The Morning Zoo
88Nine Radio Milwaukee Promotes Ken Sumka To APD & Justin Barney to MD
Macklemore & Ryan Lewis, iHeartRadio joins Chegg for Music101 Series
Mark “Shark” Ediss Named Afternoon Drive Host At Y100/Savannah
August 27, 2015
Cumulus Goes Underground Alternative In New Orleans
August 26, 2015
Subaru Embraces HD Radio Receivers
Cort Johnson Named APD/Morning Co-Host on 101.9 KINK/Portland
Howard Stern Presents "Booey 25" On SiriusXM Channels
August 25, 2015
Sony Music Entertainment Acquires Century Group
UMG Names Jeffrey Remedios President & CEO/Universal Music Canada
Where Hip Hop Lives App Now Available to International Audiences
August 24, 2015
Leslie Scott Named Program Director Of KNDD/Seattle
Music News
Rick Ross to Drop Surprise LP This Week
Quick Hits: Power 105.1 Powerhouse, Alabama Shakes, Garbage, Avril Lavgine / Chad Kroeger, Neko Case
Quick Hits: Miley Cyrus / Saturday Night Live, Made In America Festival, Tori Kelly, The SpongeBob Musical
Taylor Swift Wins Big At MTV VMAs
Rockers Disturbed Earn Fifth #1 Album
FMQB Photo Pass: Van Halen
Quick Hits: Taylor Swift, Kanye West, Justin Timberlake, Katy Perry, Justin Bieber
Justin Bieber Debuts New Single
Quick Hits: Nicki Minaj, Adele, OMI
Demi Lovato Feeling "Confident" on Fifth LP
Quick Hits: Justin Bieber, Mariah Carey, Omarion, Soundgarden
Pharrell, Demi Lovato & More Added To MTV VMAs Lineup
Quick Hits: Lady Gaga, HBO, Maroon 5, Nick Jonas
MTV To Honor Kanye West
Quick Hits: One Direction, Missy Elliott / The Voice, Azealia Banks, Meg Myers, Coheed and Cambria, Ben Folds
FMQB NOW

Mike McVay
SVP/Content & Programming
Cumulus Media

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!