Aloha Station Trust
Aloha Station Trust, LLC is a privately owned trust company that owns radio and television stations previously owned by Clear Channel Communications (as of September 16, 2014, the radio division is now known as iHeartMedia, Inc.).
With the buyout in 2007, Clear Channel sold off media outlets to comply with FCC ownership limits that will no longer be grandfathered to them. Many stations agreed to be sold, or have been sold, to companies like Frequency License LLC, Providence Equity Partners, Cumulus Media, Blue Point Media and Santa Barbara Community Broadcasting. Jeanette Tully, a director of Journal Communications Inc., is serving as the sole member of the trust. In 2011 they attempted to purchase some 100 radio stations in a $19 billion deal.
- 1 Stations
- 2 See also
- 3 References
- 4 External links
- Rezaee, Zabihollah (9 June 2011). Financial Services Firms: Governance, Regulations, Valuations, Mergers, and Acquisitions. John Wiley and Sons. p. 131. ISBN 978-1-118-09851-6. Retrieved 29 April 2012.