I understand that there was a major “changing of the guard” in the area?

I understand that there was a major “changing of the guard” involving several key radio stations in the area. I don’t remember all of the call letters for these stations but one station was KOOI, which we listen to here in Tyler.

How does a deal like this change and affect our market? Do you think that there will be format changes for these stations?

Also – I understand that your company had been interested in a share of that deal… is that true?

Thanks for your time

ANSWER
Yes, some changes in ownership have recently taken place in the Tyler-Longview market.

Waller Broadcasting sold several of its radio stations to a company called Access.1 Communications. Access.1 is headquarted in New York and they own stations in several other markets in addition to Tyler-Longview.

The stations that Mr. Waller sold include: KOOI 106.5 FM, KKUS 104.1 FM, KYKX 105.7 FM, KOYE 96.7 FM and KFRO 1370 AM.

It is impossible to know what, if anything, Access.1 will do with respect to changing the formats of any of these stations. That will depend on their best judgment as to the value of the respective assets in their current setup vs. what they believe they might do to enhance the value of the assets by doing something else.

And yes, Gleiser Communications, LLC very vigorously pursued purchasing many of these stations when Mr. Waller offered them for sale. Ultimately, we were not able to come to terms that made sense for us and Access.1 was able to make a deal that made sense to them.

For our part, we continue to believe in radio as a great medium for both listeners and advertisers. And believing that, we also believe that strong operators in our market serve to drive all of us to do a better job.

Toward that end, we wish Access.1 well and we welcome them to East Texas.

Thank you for your input.

Paul L. Gleiser
President