Mapleton-Stephens Deal Closed

• Yesterday we received the official word that the $21 million sale of 37 radio stations (and translators) from Mapleton Communications, LLC to Stephens Media Group is now closed. These radio stations operate in Medford, OR; Merced, Monterey and Redding, CA; Spokane, WA and Alexandria and Monroe, LA.

The Seller, Mapleton Communications, LLC, is a California-based company headed by Jim Shea. The Buyer, Stephens Media Group, is an Oklahoma-based company headed by David Stephens.

Kalil & Co., Inc. was the exclusive broker for this transaction.