Bonneville Selling 17 Radio Stations To Hubbard

SALT LAKE CITY (AP) — Salt Lake City-based Bonneville International says it is selling 17 radio stations to Minneapolis-based Hubbard Broadcasting Corp.

A Bonneville news release announced the $505 million cash acquisition on Wednesday.

The stations being acquired are in Chicago, St. Louis, Cincinnati and Washington, D.C.

Hubbard chairman Virginia Morris says in a statement the deal will boost Hubbard Radio’s work force by 547 employees. The company currently employs 154 people.

Two Bonneville executives will transition to Hubbard as well.

Hubbard is family-owned. It already owns radio and television stations in Minnesota, New Mexico and New York state.

Bonneville is a for-profit arm of The Church of Jesus Christ of Latter-day Saints. It still owns stations in Arizona, California, Utah and Washington state.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Pete J

    I have met Mr Hubbard and think he is a GREAT guy and we should be PROUD they call MN home! GOD BLESS them for BRINGING busines to MN even with the 2nd or 3rd HIGHEST TAX RATE in the US!

    • Eva

      This organisation supports the republican agenda. So it will not be a station that we will listen to. How does buying radio stations in other cities bring business to MN. I don’t get that.

  • abby

    Let’s take a look at Mr Hubbard’s kstp, the home of anti-american politics.
    God help us.

  • Huh?

    Anti-American politics? You are 10 years late. They have devulged themselves of any political “stand” by going with 107.1 “Girl Talk” and ESPN1500, which is all sports for morons all day except for Joe Soucheray/Rookie for 2 hours. They have got rid of anything with opinion well over a year ago. Patrick Ruesse is awesome/great radio but clearly a liberal. Maybe you thinking about a different Hubbard? What is the “Republican agenda” ? Common sense or ? Good Luck.

blog comments powered by Disqus
Thursday Night Football

Listen Live