Stephens Media Group is buying 14 stations in Yakima and Tri Cities, Washington, from Ingstad Radio. Stephens Media Group owner David Stephens said, “These radio stations represent exactly what we look for when buying. A diverse portfolio of formats, a strong commitment to the community, and an accomplished team already in place give us everything we need for a successful launch.” The price was not revealed in the Monday announcement.
Ingstad Radio Washington COO Nancy Odney added, “We’ve enjoyed working with the great people at Tri Cities and Yakima. We’re confident to hand off this high-quality operation to Stephens Media Group, knowing they will continue their commitment to great local radio.”
Stephens Media Group began operating the stations via an LMA on April 1.
The acquisition of these stations gives Stephens Media Group 41 stations in eight markets in Oklahoma, New York, and Washington.
MVP Capital represented Ingstad in the deal.
