Cedar Basin Media, a new Iowa-based subsidiary of Civic Media, has reached an agreement to acquire six radio signals from NRG Media in the Cedar Rapids and Waterloo, Iowa, markets. The proposed transaction includes “Rock 108” KFMW-FM and classic hits KOKZ-FM (105.7) in Cedar Rapids, along with news/talk KXEL-AM (1540)/K263BZ (100.5), classic country “107.3 Hank FM” KPTY-AM (1330)/K297BS (107.3) in Waterloo.
NRG Media, led by President and CEO Mary Quass, is based in the Cedar Rapids-Waterloo market. The company has operated a regional portfolio of radio stations across Iowa, Illinois, Nebraska and Wisconsin for more than 20 years, but has been divesting its radio assets recently.
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