Stephens Media Group acquires Mapleton’s Spokane stations

Oklahoma based Stephens Media Group (SMG) has just purchased 37 radio properties in 7 markets from Mapleton Communications which include that company’s Spokane stations.  This acquisition signals an exiting from radio by Mapleton & increases SMG’s station ownership in Wash. state.  KGA-AM, KJRB-FM, KZBD-AM, KEYF-FM, KDRK-FM & KBBD-FM will now be o/o by SMG giving it a significant presence in the market.  No selling price has yet been announced.  In April 2018 Stephens Media Group struck a $10.725 million deal to buy a dozen full-power stations and two FM translators from the Ingstad family in the Tri-Cities, WA and Yakima, WA markets.  These include Yakima’s KHHK-FM, KBBO-AM, KXDD-FM, KRSE-FM; Selah’s KTCR-AM; Tri-Cities KALE-AM, KJOX-AM, KIOK-FM, KEGX-FM; & Grandview’s KARY-FM.  Both parties have agreed to an immediate LMA with Stephens Media Group for all the properties. Headed by David Stephens, SMG owns stations in Tulsa and Ardmore, OK; Watertown, Ogdensburg, Massena, and Rochester, NY.  Stephens commented, “These seven markets fit nicely within our company. This acquisition doubles our size, and I couldn’t be more pleased.”

Author: Mike Cherry

retired broadcaster: on-air, MD, PD, asst PD, Prod Mgr, IT, station technician/engineer, pioneer Internet webcaster, station installation/maintenance; 12 years in commercial radio, 17 years volunteer in campus/community radio in B.C., Alberta & Wash. Amateur radio operator & "DXer" specializing in AM night-time DX, short-wave DX/listening & remote SDR DXing/listening

Leave a Reply

Your email address will not be published.

Some comments may be held for moderation. (New users)

This site uses Akismet to reduce spam. Learn how your comment data is processed.