July 12, 2004
Cherry Creek Radio, LLC, headed by Joe Schwartz, has agreed to purchase the assets of radio stations KKXK-FM (94.1), KUBC-AM (580) and KBNG-FM (103.7), serving Montrose and Ridgway, CO from Woodland Communications, headed by Stephen Glasmann.*
Joe Schwartz, President and CEO of Cherry Creek Radio, said that, _The Western/Southwestern section of Colorado, including the cities of Montrose and Delta, are among the fastest growing communities in the state. Steve Glasmann and his family have done a tremendous job building this cluster into the market leader, and we can only hope that we can continue to build on their success._
The deal includes a separate transaction for the real estate with the Glasmann Family Partnership.
Jody McCoy was the exclusive broker and represented the buyer in this transaction.
* Pending FCC Approval