It looks like Dean Goodman’s Digity venture is coming to a close. The patchwork network of 116 stations in small-to mid-sized markets and suburban rimshots is to be acquired by Alpha Media, almost doubling the size of that group.
Specific details have not yet been released.
Goodman, CEO of Digity said, “Larry Wilson and I have a shared vision for the radio renaissance in progress now. Live, local media centers involved in everything digital, events and most important radio totally involved with the community. This fostered in an employee environment of collaboration, transparency and innovation.”
Alpha Media Chairman Larry Wilson said, “We are extremely pleased to be acquiring from exceptional operators and management who truly understand radio ... They will be a great addition to our live and local vision across the country.”
Looking at the markets the two companies serve, there would not seem to be a lot of crossover, so the acquisition is certainly supplemental for Alpha. Whether it sells any stations is a question yet unanswered.
A Digity market list was released: California: San Jose; Florida: West Palm Beach; Illinois: Aurora, Joliet; Iowa: Fairfield, Fort Dodge, Grinnell-Newton, Mason City; Michigan: Saginaw; Minnesota: Albert Lea/Austin, Luverne, North Mankato, Redwood Falls; Missouri: Bethany-Cameron, Clinton, Farmington-Festus, Moberly-Macon, Waynesville-Lebanon; Nebraska: Columbus, Lincoln; North Carolina: Greenville; Ohio: Columbus; South Carolina: Myrtle Beach; South Dakota: Brookings, Madison, Watertown; Texas: North Dallas; Wisconsin: Kenosha/Waukegan.