CBS Radio Moves Out of Portland

By Andrew Gauthier 

Mediaweek

CBS Radio announced Monday (Aug. 10) it will sell four radio stations in Portland, Ore. to Alpha Broadcasting for $40 million cash. With the transaction, CBS Radio will exit the No. 23-ranked market.

Alpha, a new entity formed by veteran broadcaster Larry Wilson and Endeavour Capital in Portland, which owns KXL-AM and KXTG-FM, will have six stations in the market.

The sale of Adult Album Alternative KINK-FM, Country KUPL-FM, Active Rock KUFO-FM, and Talk KCMD-AM, is part of the CBS Radio’s continuing strategy to focus on the nation’s largest markets. In the last eight months, CBS Radio has announced three deals to sell 12 stations. More…

Advertisement
Advertisement