New Northwest Broadcasters CEO Trila (“TRY-la”) Bumstead has entered into a purchase agreement for her own recently launched broadcast company to acquire five local stations including Astoria news/talk station KAST.
According to the Coast River Business Journal, Bumstead’s Ohana Media Group recently won a bid to purchase the local stations, as well as four additional stations located in Anchorage, Alaska.
Seattle-based New Northwest Broadcasters has been in a voluntary receivership status since May 17.
At a company party in Astoria last Saturday night Bumstead said, quote: “We’ve entered into a purchase agreement (with NNB). The next step is to file a request with the FCC to approve the transfer.”
Once the FCC receives the request, it will review the application, accept public comments and approve or deny the request.
Bumstead said her company: Ohana Media Group, expects the FCC to approve the deal, with the closing to take place in April or May.
When completed, Ohana will own area stations KAST 1370 AM; KKEE 1230 AM; KCRX 102.3 FM; KVAS 103.9 FM; and KLMY 99.7 FM.
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