Saga is selling its TV stations in the Joplin, MO – Pittsburg, KS and Victoria, TX television markets for an aggregate price of approximately $66.6 million. Saga is also buying WCKN (FM), WMXZ (FM), WXST (FM), WAVF (FM), WSPO (AM), W261DG, and W257BQ in Charleston, SC and WVSC (FM), WLHH (FM), WALI (FM), W256CB and W293BZ, serving the Hilton Head and Beaufort, SC radio markets, from Apex Media Corporation for $23.0 million.
Saga CEO Ed Christian said, “We’ve had the great pleasure of owning KOAM in Joplin since 1994 and KAVU in Victoria since 1999. It has been a great experience for us to serve both communities with terrific television stations that focused heavily on the local markets. We made a very difficult decision that with all the changes taking place in the television industry it was time for us to return to our roots in radio.”
