Aloha Station Trust,
LLC was a privately owned
trust company
A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trust ...
that owned radio and television stations previously owned by Clear Channel Communications, forerunner of the modern
iHeartMedia.
After Clear Channel was acquired by private equity interests in 2007, Clear Channel sold off media outlets to comply with FCC ownership limits that would no longer be grandfathered to them. Many stations agreed to be sold, or have been sold, to companies like
Frequency License LLC,
Providence Equity Partners,
Cumulus Media
Cumulus Media, Inc. is an American broadcasting company and is the third largest owner and operator of AM and FM radio stations in the United States behind Audacy and iHeartMedia. As of June 2019, Cumulus lists ownership of 428 stations in 8 ...
,
Blue Point Media and
Santa Barbara Community Broadcasting.
In 2011, they attempted to purchase some 100 radio stations in a $19 billion deal.
Jeanette Tully, a director of
Journal Communications Inc., was initially the sole member of the trust until her death in 2018. After that, Barry Drake, formerly of Backyard Broadcasting and Sinclair Broadcast Group, took over trusteeship of the Aloha Station Trust and two other iHeartMedia divestiture trusts. The trust was dissolved in 2021 following the divestiture of its last station in December of that year.
See also
*
The Last Bastion Station Trust, LLC
The Last Bastion Station Trust, LLC is a privately owned trust company that temporarily owns 2 radio stations previously owned by Citadel Broadcasting. Citadel absorbed ABC Radio as well as 22 radio stations (not including ESPN Radio and Radio ...
References
External links
www.fcc.gov
{{DEFAULTSORT:Aloha Station Trust, Llc
Defunct broadcasting companies of the United States
Defunct radio broadcasting companies of the United States