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Monday, December 22, 2008

CBS deals its Denver trio to Jeff Wilks for $19.5 million

The stations are AC “Mix 100” KIMN (100.3), classic hits “Kool 105.1” KXKL-FM and country “Wolf” KWLI at 92.5 – and Radio-Info’s T-R-I newsletter predicted this deal last Friday morning. Two years ago, Wilks bought the CBS properties in Kansas City and Columbus, and now Wilks Broadcasting agrees to pay $19.5 million for CBS Radio’s only three properties in Denver. Jeff Wilks says that’s “the market where I started my career, and I'm excited to come back and operate these three leading stations.” Counting the December 12 multi-market swap with Clear Channel that brings CBS two more FMs in Houston, CBS has now sold or swapped away eight stations in five markets, in the last ten days. Discuss it here

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