Mid-sized market radio broadcaster Citadel Communications Corp. said that its Citadel Broadcasting Co. agreed to buy Bloomington Broadcasting, the owner of 20 radio stations in five mid-sized markets, for about $176 million cash.
Citadel Broadcasting is the principal operating unit of Bloomington, Illinois-based Citadel Communications Corp. Upon completion of this and other pending transactions, Citadel will own or operate 136 FM and 60 AM radio stations in 42 mid-sized markets.
Citadel will add WKLQ-FM, WLAV-FM, WODJ-FM and WBBL-AM in Grand Rapids, Michigan, the nation's 66th largest market; WOMG-FM, WTCB-FM, WLXC-FM and WISW-AM in Columbia, South Carolina, the nation's 88th largest market; WKOS-FM, WQUT-FM, WGOC-AM, WJCW-AM and WKIN-AM in Johnson City-Kingsport-Bristol, Tennessee, the nation's 95th largest market; WOGT-FM, WSKZ-FM and WGOW-AM/FM in Chattanooga, Tennessee, the nation's 102nd largest market; and, WBNQ-FM, WBWN-FM and WJBC-AM in Bloomington, Illinois, the nation's 230th largest market.