St. Paul-based Hubbard Broadcasting will buy 10 radio stations located in Phoenix and Seattle.
The Star Tribune reports that the purchase of the Sandusky Radio properties, valued at $85.5 million, will make Hubbard Broadcasting the country’s No. 8 radio chain. Two years ago, Hubbard purchased 17 stations in a $505 million deal.
When the new deal closes, Hubbard will own 30 stations nationally. The purchase of the family-owned Sandusky Radio stations is contingent upon approval by the Federal Communications Commission.
In the Twin Cities, Hubbard owns KSTP (1500 AM), KS95-FM and MyTalk 107.1-FM.