WICHITA, Kan - The E.W. Scripps Company has announced an agreement to sell 19 radio stations, including KFDI and four stations in Wichita, to an Alabama company.
SummitMedia, based in Birmingham, Alabama, is purchasing KFDI, KICT, KFXJ, KYQQ and KFTI-AM. The deal also includes radio stations KTTS, KSPW, KSGF and KRVI in Springfield, Missouri; KEZO, KSRZ, KQCH, KKCD and ESPN station KXSP in Omaha, Nebraska; and WWST, WCYQ, WKHT, and WNOX in Knoxville, Tennessee.
The Scripps stations will join SummitMedia's group of 31 radio stations in Alabama, Kentucky, South Carolina, Virginia and Hawaii. The deal is expected to close in the fall.
The sales of the Scripps stations total $83.5 million, and the deal completes the sale of the Cincinnati-based company's entire 34-station radio group. Scripps had already announced the sale of five radio stations in Tulsa, Oklahoma to Griffin Communications, two Milwaukee radio stations to Good Karma Brands, and eight stations in Boise, Idaho and Tucson, Arizona to Lotus Communications Corporation.