Alpha Media to Purchase Digity Radio Stations
August 4, 2015
Alpha Media of Portland, Oregon announced today they have entered into a definitive agreement to purchase radio stations from Digity, LLC. Digity owns and operates 116 stations in 26 markets. (see page 2 for full Market list).
Larry Wilson, Chairman of Alpha Media will add the Digity markets to the one hundred thirty-five stations currently in the Alpha Media portfolio. When all pending deals are completed, it will bring the total number of stations owned by Alpha Media to 251. Commenting on the acquisition, Wilson said, _We are extremely pleased to be acquiring from exceptional operators and management who truly understand radio. Dean and his team have done a tremendous job with these stations. They will be a great addition to our live and local vision across the country._
Dean Goodman, Chief Executive Officer of Digity Companies, LLC said, _Larry Wilson and I have a shared vision for the radio renaissance in progress now. Live, local media centers involved in everything digital, events and most important radio totally involved with the community. This fostered in an employee environment of collaboration, transparency and innovation. I am honored to have worked with the great broadcasters at Digity and the dynamic growth they’ve created. Digity and Alpha are a perfect match._ This transaction will be filed with the Federal Communications Commission shortly and is subject to their approval.
George Reed of Media Services Group is the broker for Alpha Media.
Piper Jaffray served as advisor to Alpha Media and RBC Capital Markets LLC served as financial advisor to Digity Media.
Upon the successful completion of all pending transactions, Alpha Media, headquartered in Portland, Oregon will own 251 radio stations within 54 markets across the United States covering all formats including Top 40, Adult Contemporary, Spanish, Urban, News Talk, Sports, Rock, Country and more. In addition to the radio stations; Alpha Media owns the intimate performance venues, Skype Live Studio in Portland, Oregon and Alamo Lounge in San Antonio, Texas.
ALPHA MEDIA DIGITY ACQUISITION: FULL MARKET LIST
West Palm Beach, FL
San Jose, CA
Myrtle Beach, SC
North Dallas, TX
Markets around Chicago, IL including Aurora, IL
Albert Lea, MN/Austin, MN
North Mankato, MN
Redwood Falls, MN
Fort Dodge, IA
Mason City, IA