Dundee IL Radio: Alpha Media To Acquire Matrix Stations

Matrix Broadcasting has sold the Dundee, IL radio station WFXF 103.9 FM The Fox and Crystal Lake-based WZSR Star 105.5 to Alpha Media, according to a filing with the Federal Communications Commission.

The $4.7 million sale is in connection with a proposed settlement to the former station owner’s bankruptcy case, according to the filing. Matrix and Matrix Broadcasting Holdings LLC, a Texas-based company, filed bankruptcy petitions March 27.

Matrix and Alpha Media entered into a sales agreement Feb. 7, according to the FCC.

Alpha Media cannot legally own more than five stations in the Chicago area and has subsequently agreed to sell The Fox for $900,000 to Educational Media Foundation, which runs contemporary Christian music stations K-Love and Air1. Alpha also will sell its Coal City-based station WRXQ to Walnut Radio in the deal, according to the filing.