In the final months of 2016, Red Rock Radio Corp., headed by Kathy Lau and Shawn Skramstad, started the process of liquidating their assets. By Dec. 1, 16 of the company’s 20 radio stations were sold and awaited closing.
Now, another two stations have been sold by Red Rock, with Kalil & Co. serving as the their broker representative.
This time, the buyer is a newly formed entity tied to a husband and wife tied to a religious non-commercial broadcaster.
This is the lead deal in RBR + TVBR’s TRANSACTIONS TODAY for Thursday, April 20.
Also today: A Class A used by a religious broadcaster via a programming agreement is purchased by the programmer. Kalil & Co. represented the seller in this transaction.