The Federal Communication Commission on Friday nixed a plan that would have allowed Townsquare Media to buy 12 Tri-City and Yakima radio stations from New Northwest Broadcasters.
Townsquare announced in December 2010 a plan to acquire stations from the Seattle-based New Northwest, which went into receivership in May 2010 and was liquidating assets to pay creditors, according to radio industry news website allacess.com.
Because of FCC regulations limiting the number of stations a company can own in a single metropolitan area, Townsquare also planned to transfer 11 stations it currently owns in the Tri-Cities and Yakima to a divestiture trust managed by an independent third party that would then sell those stations.
An eight-page letter from the FCC to Townsquare released on the agency's website Friday said that proposed use of a divestiture trust was a substantial departure from the kinds of uses previously approved by the commission and dismissed five sets of applications that would have reassigned the radio station licenses.
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Also dismissed were petitions by Sunnylands Broadcasting of Union Gap and CCR-Tri Cities IV, which holds the license to AM news station KONA. Those two petitions were deemed moot.
Stations that would have been affected by the proposed deal are:
-- Tri-Cities: KALE AM, KIOK FM, KEGX FM, KEYW FM, KTCR FM and KUJ-FM
-- Yakima: KJOX AM, KHHK FM, KRSE FM, KXDD FM
-- Walla Walla: KKSR FM
-- Basin City: KOLW FM
-- Grandview: KARY FM
-- Selah: KBBO AM
-- Toppenish: KDBL FM
-- Naches: KQMY FM
-- Pendleton: K232CB