Friday, November 8, 2002

FM 100, Star 102.7, Arrow 103.5 Sold To Bonneville

Despite looking like a false rumor, Simmons Media has sold four of it's Salt Lake City radio properties to Bonneville Communications for $X.X Million. Bonneville currently owns KSL-AM 1160 as well as the Deseret News. Bonneville will become to new owner of FM 100, Star 102.7, and Arrow 103.5. Also as part of the deal, Bonneville gets the construction permit for AM 820, which was rumored to carry "The Zone." They have also purchased the company's St. George properties, as well as their Idaho properties. Simmons retains Alternative rocker X96, AAA KJQN "KJQ," the new KPKK, which will sign on the air shortly, as well as KZNS "The Zone." Could this be a possible move by Simmons group to but the stations they care currently LMAing from Brent Larson? (UPDATED See Above) And could they be buying any new properties? Any Millcreek properties perhaps?

No comments: