The consummation notice was accepted for filing today. iHeart is purchasing the translator from Hope Media Group (Way FM). iHeart had been leasing the translator from Hope. K300CP rebroadcasts KDHT-HD2 which in turn rebroadcasts active-rock KBPI Fort Collins. Both KBPI and K300CP are on 107.9. The sale price was half a million dollars. Considering the translator's central Denver location and effective extension of the coverage area for KBPI's programming into Denver proper on the same channel as KBPI, this is probably a reasonable price.
One does wonder how many varieties of rock iHeart can sustain in this market.
One does wonder how many varieties of rock iHeart can sustain in this market.