Aloha Station Trust, LLC is a privately owned trust company that owns radio and television stations previously owned by Clear Channel Communications.
With the buyout in 2007, Clear Channel sold off media outlets to comply with FCC ownership limits that will no longer be grandfathered to them. Many stations agreed to be sold, or have been sold, to companies like Frequency License LLC, Providence Equity Partners, Cumulus Media, Blue Point Media and Santa Barbara Community Broadcasting. Jeanette Tully, a director of Journal Communications Inc., is serving as the sole member of the trust. In 2011 they attempted to purchase some 100 radio stations in a $19 billion deal.
Famous quotes containing the words station and/or trust:
“How soon country people forget. When they fall in love with a city it is forever, and it is like forever. As though there never was a time when they didn’t love it. The minute they arrive at the train station or get off the ferry and glimpse the wide streets and the wasteful lamps lighting them, they know they are born for it. There, in a city, they are not so much new as themselves: their stronger, riskier selves.”
—Toni Morrison (b. 1931)
“Oh yet we trust that somehow good
Will be the final goal of ill!”
—Alfred Tennyson (1809–1892)