A new company, Finest City Broadcasting, said it completed a transaction over the holidays for three 100 kW Class C FM stations serving San Diego; the company says it would like to find more station deals in the market.
It entered into an agreement to provide programming, sales and marketing for 91X (XETRA-FM), Z90 (XHITZ-FM) and Magic 92.5 (XHRM-FM). Finest City is headed by Mike Glickenhaus, former VP/market manager of San Diego for Clear Channel and Jacor Communications and a former exec with Noble Broadcast Group, which used to operate XETRA(AM/FM).
Equity fund Evergreen Pacific Partners provided most of the money, with additional funding from Dex Allen, former chairman of Commonwealth Broadcasting.
Finest City Hopes to Add More Stations
Finest City Hopes to Add More Stations
