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07/05/2006
TRIAD BROADCASTING TO SELL RAPID CITY CLUSTER TO SCHURZ
COMMUNICATIONS, INC.
July 5, 2006 RAPID CITY,
SD...Triad Broadcasting today announced it has reached
an agreement to sell its six station Rapid City, South
Dakota cluster to Schurz Communications, Inc. of South
Bend, Indiana. The sale ends Triad's seven-year tenure
in the South Dakota market. Schurz currently operates
seven radio stations in South Bend and Lafayette,
Indiana.
Triad's market leading Rapid City stations include top
country station "The Black Hills Favorite" KAT Country
98.7 (KOUT-FM), CHR "Hot 93.1" (KRCS-FM), AC "Magic
93.9" (KKMK-FM), Classic Rock "The Fox 100.3" (KFXS-FM),
"Five State Farm Radio" (KBHB-AM 810) and "Cool 92"
Oldies (KKLS-AM 920).
Triad CEO David Benjamin comments, "We are enormously
proud of Rapid City Vice President/Market Manager Lia
Green and her staff. It was important to find them a
home with a first rate company, and we believe we have
done that. Without a doubt, Schurz is acquiring one of
the finest small radio operations in the US.”
Adds Schurz CEO Franklin Schurz, "We are extremely
pleased to welcome these fine radio stations, talent and
staff to our organization. We started our first radio
station in 1922, and we are a family company with a
commitment to local radio, local programming and
community involvement. The Triad Rapid City stations are
a perfect fit for our firm, and we look forward to a
successful future together."
Senior Vice President Marci Christensen Burdick handled
the transaction for Schurz. Burdick is a Rapid City
native. KALIL & CO., INC. brokered the transaction.
The transaction is pending FCC approval.
For further information contact:
Judy Peterson, VP, Triad Broadcasting 831-655-6350 ext.2
Marci Burdick, SVP, Schurz Communications 574-236-1769
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