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
Ipsos Research Study Highlights Continued Strength Of AM/FM Radio In Cars
KYSR Names Andrew Harms APD/MD/Afternoon Host
Chad Lopez Appointed VP/Market Manager For Cumulus New York
iHeartMedia Names Colleen Valkoun Market President For Madison And Milwaukee
Cumulus Ups Donna Baker To Midwest RVP, Peter Bowen Named Chicago VP/MM
Triton Digital Partners With Edison Research To Deliver Podcast Measurement Technology
Cumulus Taps Jon Lurie As PD At KMGA
In Brief - March 2, 2015
February 27, 2015
Epic Records Names Breyon Prescott Head Of Urban A&R
The Week In Review: 2/23-2/27
Westwood One Rolls Out National Expansion Of The Jonathon Brandmeier Show
In Brief - February 27, 2015
February 26, 2015
Mel Karmazin To Be Honored By The Broadcasters Foundation Of America
Cox Media Group Names Rachel Williamson Director/Digital Revenue Development
New Generation Radio Launches Virtual Jock
Benztown Teams With Vipology To Bring Cost-Effective Websites To Radio
In Brief - February 26, 2015
February 25, 2015
iHeartMedia Announces Executive Changes
NAB Statement On Introduction Of Local Radio Freedom Act In House, Senate
Report: Radio’s 2015 Digital Revenue Poised For Double-Digit Growth
Coleman Insights, Jacobs Media Explore The Great Pyramids Of Radio
Republic Records Names Patch Culbertson Director of A&R
In Brief - February 25, 2015
February 24, 2015
106.1 KISS FM Changes Name To 106.1 LAURA FM
In Brief - February 24, 2015
February 23, 2015
Music News
Madonna Unveils Rebel Heart Tour
Mumford & Sons Get Wilder On Third LP
Quick Hits: Kanye West, Stone Sour, Radio Disney Music Awards, Lollapalooza Berlin, Bestival
All Apologies From Kanye West
The Week In Review: 2/23-2/27
FMQB Retro-Active: Aerosmith's Joey Kramer Talks Donington DVD, The Beatles, and Rockin and Roastin Coffee
Quick Hits: Mumford & Sons, Madonna, Beale Street Music Festival, Tool
Ed Sheeran, Sam Smith Rule BRIT Awards
Quick Hits: Foo Fighters, Carly Rae Jepsen, The Airborne Toxic Event, Echosmith, Finding Neverland Album with John Legend & Rita Ora
Imagine Dragons Roar To Top Debut
Quick Hits: U2, Firefly Festival, Nico & Vinz, Lady Gaga, Three Days Grace, Free Press Summer Festival
Sam Smith Set For Another U.S. Road Trip
Quick Hits: One Direction, Lorde, Brandon Flowers, Redfoo, Fuji Rock Festival
Quick Hits: John Legend & Common / The Oscars, Ed Sheeran, In This Moment, Passion Pit, Kaaboo Del Mar Festival, Pixies
Kanye Talks New Album & More With Power 105.1's Breakfast Club
FMQB NOW

Rob Roberts
OM/Cumulus Atlanta

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!