The E.W. Scripps Company, which is in the process of selling off its radio stations, has reached an agreement to sell its group of five radio stations in Tulsa to Griffin Communications for $12.5 million.
Oklahoma City-based Griffin is purchasing KFAQ (1170 AM), KHTT (106.9 FM), KVOO (98.5 FM), KXBL (99.5 FM), and KBEZ (92.9 FM). Griffin owns four television stations in Oklahoma City and Tulsa as well as a digital billboard company.
The sale is the first in what Scripps expects to be a series of radio sale transactions. The company announced in January its intent to sell all its radio stations. Including the Tulsa stations, Scripps’ portfolio includes 34 radio stations in eight markets.
Kalil & Company was the exclusive broker on the deal.
