CO Radio: Grand Junction Media To Acquire 4 FMs

Grand Junction Media Inc. has entered into an agreement to purchase the Redrock Radio Group, which operates four FM radio stations in the Grand Valley.

The deal is subject to approval from the Federal Communications Commission.

Grand Junction Media owns and operates The Daily Sentinel.

If approved, Grand Junction Media would own Oldies KGJX Redrock 101.5 FM, K284AP Juan 104.7 FM, CHR Kiss 94.3 FM (KGJX-HD3) and K297BR Canyon Country 107.3 FM (KGJX-DH2). The idea would be to infuse more local news into these stations' broadcasts.

"We're really excited about the possibilities and potential not just for this company, but for the community as well," Grand Junction Media Executive Vice President Jay Seaton said.

The deal became possible in November 2017 when the FCC eliminated a ban on cross-ownership between media entities. It also made it easier for companies to buy additional radio stations in some markets and to jointly sell advertising time or space.

"It's an exciting and unique opportunity that wasn't available a couple of years ago," Redrock Radio Group Owner Tom Troland said.

KGJX 101.5 (3.02 Kw) Red=Local Coverage Area

FCC approval could take up to three months. The sale will be submitted to the FCC this week with the hope that the sale will be official in August.

Seaton said that he believes this is one of the first deals of this kind after the FCC lifted its ban.