Townsquare Picks Up Pittsfield
Townsquare Media, Inc. announced that it has entered into an agreement to acquire six radio stations and two FM translators in and around the Pittsfield, MA market — half from Gamma Broadcasting LLC and the other half from Berkshire Broadcasting. From Gamma, Townsquare is acquiring WBEC-FM, WBEC-AM and WUPE-AM and a FM translator broadcasting at 94.1; Townsquare is also acquiring the capital stock of Berkshire Broadcasting Co., Inc., including WUPE-FM, WNAW-AM, WSBS-AM and a FM translator at 103.3.
“We are very excited to announce this transaction which will strengthen our footprint in the Northeast,” said Townsquare Chairman and CEO Steven Price. “We look forward to partnering with the Pittsfield team to bring our resources, including our digital and live event products, to Berkshire County’s advertisers and audience, and further build upon their success in the market.”
At the completion of this transaction, Townsquare will own 318 radio stations in 67 markets, maintaining its position as the third largest radio owner in the United States. The Company expects the deal to close in the third quarter of 2017, subject to the usual closing conditions and customary regulatory approvals. Kalil & Co., Inc. represented the Seller in connection with the Acquisition.
