Stephens Buys 37 Stations From Mapleton

We start of the month of July with a fairly large transaction as Jim Shea exits the business. Shea’s California based Mapleton Communications is selling nearly all of his radio stations to Stephens Media Group. David Stephens’ company is based in Oklahoma and also owns stations in Tulsa and Ardmore, Oklahoma; Watertown, Ogdensburg, Massena, and Rochester, New York; Yakima and the Tri-Cities, Washington. The stations Stephens is buying are in Medford, Oregon; Merced, Monterey, and Redding, California; Spokane, Washington; Alexandria and Monroe, Louisiana.

How much Stephens is paying for the stations was not announced but should soon be available at The FCC. Immediate LMA’s are in place at all the stations.

Mapleton also owns KSFN-AM in San Francisco and stations in Chico, California which are transferring to Bustos Media.

The Buyer, Stephens Media Group, is an Oklahoma-based company headed by David Stephens. Stephens Media Group also owns stations in Tulsa and Ardmore, Oklahoma; Watertown, Ogdensburg, Massena, and Rochester, New York; Yakima and the Tri-Cities, Washington.

Stephens said “These seven markets fit nicely within our company. This acquisition doubles our size, and I couldn’t be more pleased.”

Kalil & Company was the broker for this deal.

Here are all the stations Stephens Media Group will be getting in the deal.

Medford Stations
KCMX-AM
KTMT-AM
KAKT-FM
KCMX-FM
KTMT-FM
KBOY-FM

Merced Stations
KYOS-AM
KBRE-AM
KABX-FM
KHTN-FM
KLOQ-FM
KUBB-FM

Monterey Stations
KCDU-FM
KHIP-FM
KKHK-FM
KWAV-FM

Redding Stations
KNRO-AM o
KQMS-AM
KWLZ-FM
KRDG-FM
KRRX-FM
KSHA-FM
KALF-FM

Spokane Stations
KGA-AM
KJRB-FM
KZBD-AM
KEYF-FM
KDRK-FM
KBBD-FM

Alexandria Stations
KBKK- FM
KEZP- FM
KLAA-FM

Monroe Stations
KMYY-FM
KXRR-FM
KZRZ-FM