Alpha Media to Sell West Palm Beach Market
Alpha Media has reached an agreement in principle to sell its six radio stations in West Palm Beach to Hubbard Radio. [WRMF-WIRK-WMEN-WFTL-WEAT-WMBX]
Terms of the sale have not been disclosed, while Alpha says a definitive sales contract
hasn’t yet been signed and is subject to satisfying any conditions contained in those
Alpha employs roughly 105 people in West Palm Beach, including full-time and part-time employees. The company has had a presence there since February 2016 when it purchased the stations from Digity LLC.
The exit from West Palm Beach leaves Alpha with 213 stations in 46 markets around the country. The company has been selling off assets to lower its debt leverage.