Renda bails

Renda Broadcasting, a small group owner out of Pittsburgh, is becoming smaller, having unloaded their four-station Oklahoma City cluster to the local Tyler group.

Tony Renda’s first station here was KMGL (Magic 104.1); he later added the Diamond group, KOMA-AM-FM/KRXO. Mostly, Tony left things alone; the only serious miscue was trying to turn that AM blowtorch (now KOKC) into a news/talk juggernaut without spending any actual money on news and/or talk. I’d bet Tyler goes back to the simulcast with KOMA-FM.

Tyler, over the ownership limits for a single metro area, is spinning off AM talker KTLR (and its FM translator on 94.1) and KKNG, the little 1000-watt FM in Blanchard that used to be Jack FM. I know from nothing about WPA Radio, the buyer, except that it’s controlled by Stanton Young, CEO of Graymark Healthcare, who used to be in the radio business as Monroe-Stephens Broadcasting, last seen moving Anadarko’s one and only AM station into the Dallas-Fort Worth market. Young’s sidekick at Monroe-Stephens, incidentally, was Ty Tyler.

I’m not sure what’s harder to believe: that Tyler would pay $40 million for Renda’s stations, or that Tyler could get $1.6 million for those two little nonentities.







2 comments

  1. Scooby214 »

    23 July 2012 · 7:32 pm

    It would be a welcome change to return 1520 AM to music. I wouldn’t be surprised if they do return it to a simulcast of KOMA-FM. Do you think Tyler will retain OU football broadcast rights?

  2. CGHill »

    23 July 2012 · 7:45 pm

    Part of the package was Renda’s approximately one-quarter interest in Sooner Sports Properties, which administers those rights, so I expect they will.

    (Source.)

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