March 15, 2016
Central Arkansas Radio Group has agreed to purchase radio stations KLAZ FM, KYRC FM, KHRK FM and KBHS AM serving the Hot Springs, Arkansas market. The Seller is Noalmark Broadcasting Corporation. The Buyer, Central Arkansas Radio Group is headed by Greg Shinn, an Arkansas businessman who has no other broadcast interests. The Seller, Noalmark Broadcasting Corp. is headed by William C. Nolan III and has additional broadcast interests in El Dorado, Arkansas, Hobbs, New Mexico and Roswell, New Mexico.*
Bill Whitley of the Dallas office of Media Services Group served as the exclusive broker representing the Buyer.
*Pending FCC Approval