Civic Media's planned acquisition of 16 radio signals in Iowa and Illinois carries a combined purchase price of $3.3 million, according to asset purchase agreements filed with the FCC. Financial terms were not disclosed when the transactions were announced in October.
Under agreements dated Oct. 8, Civic Media will pay $3.2 million for Titan Broadcasting's KGRS-FM in Burlington, Iowa, and KBKB-FM in Fort Madison, Iowa. A separate agreement provides $100,000 for the stations and translators owned by Pritchard Broadcasting Corp. and Galesburg Broadcasting Company, split equally between the two sellers.
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