WTOP, other Bonneville stations sold
By Washington Post editors
WTOP radio in the District has been sold to a Minnesota-based broadcasting company.
Deseret Management Corporation, a for-profit arm of the Church of Jesus Christ of Latter-day Saints, has agreed to sell its Bonneville International radio stations, including WTOP and stations in Chicago, St. Louis and Cincinnati to Hubbard Broadcasting Inc. for $505 million.
DMC will retain its Bonneville stations in Los Angeles, Phoenix, Seattle and Salt Lake City.
WTOP, the Washington area's most popular radio station, will remain an all-news station, according to reporter Paul Farhi.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment