Neuhoff Sells Lafayette To Saga
• Neuhoff Family Limited Partnership, the parent company of Neuhoff Media-Lafayette, LLC announced it has entered into an agreement to sell the assets of its Lafayette, IN radio stations — WKOA-FM, WKHY-FM,WASK-FM, WXXB-FM, WASK-AM, translator W269DJ and associated digital assets to Saga Communications of Indiana, LLC.
The company announced last month that it has made the strategic decision on behalf of the Neuhoff family to depart the broadcast industry after nearly 70 years.
Mike Hulvey, President of the Neuhoff Family Limited Partnership, commented, “Saga Communications will continue the stewardship of these important stations for the Lafayette market. The Neuhoff Family is proud of the service provided to the community by our team and we are excited for what the future holds under their ownership.”
The timing of this announcement aligns with the formal filing of an ownership change application with the FCC. The company expects that there will be additional announcements regarding upcoming agreements as the Neuhoff divestiture process moves forward.
Neuhoff Family Limited Partnership and its local companies own and operate 24 broadcast signals, along with multiple digital platforms in five radio markets across Central Illinois and West Central Indiana. Kalil & Co., Inc. acted as exclusive broker for this transaction.
