Aloha Station Trust

Aloha Station Trust, LLC was a privately owned trust company that owned 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 would 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. In 2011, they attempted to purchase some 100 radio stations in a $19 billion deal.[1]

Jeanette Tully, a director of Journal Communications Inc., was initially the sole member of the trust until her death in 2018. After that, Barry Drake's moribund broadcasting company Backyard Broadcasting took over trusteeship of the Aloha Station Trust and two other iHeartMedia divestiture.[2]

Stations

Albuquerque, New Mexico

Dayton, Ohio

Huntington, WV-Ashland, KY

See also

References
  1. 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.
  2. "iHeartMedia Moves Divestiture Trusts To New Trustee; Adds Two Stations". October 29, 2018.
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