In a transaction that will double its size, Stephens Media Group will buy 37 radio stations from Mapleton Communications. The deal suggests Jim Shea’s California-based Mapleton is exiting radio – it earlier signed paperwork on a $400,000 deal to sell three Chico, CA stations to Bustos Media, leaving it only with ethnic KSFN (1510) San Francisco.
More than half of the stations are in California, with the remainder located in Oregon, Washington, and Louisiana. For a purchase price that hadn’t been disclosed at press time, Stephens Media Group is picking up 18 California stations: six in Merced, five in Monterey, and seven in Redding. Also included are six stations in Medford, OR; six in Spokane, WA; and seven in Louisiana – three in Alexandria and four in Monroe.
Headed by David Stephens, Oklahoma-based Stephens Media Group owns stations in Tulsa and Ardmore, OK; Watertown, Ogdensburg, Massena, and Rochester, NY; and Yakima and the Tri-Cities, WA.
“These seven markets fit nicely within our company,” Stephens said. “This acquisition doubles our size, and I couldn’t be more pleased,” David Stephens said in a news release announcing the deal.
As part of the deal, Stephens Media Group will assume control of all of the stations immediately under an LMA.
Included in the purchase are rhythmic CHR “Hot 104.7” KHTN and “96.3 Kubb Country” KUBB Merced, CA which Mapleton recently acquired from Alpha Media in a $2.5 million deal.
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.