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:
“...I believe it is now the duty of the slaves of the South to rebuke their masters for their robbery, oppression and crime.... No station or character can destroy individual responsibility, in the matter of reproving sin.”
—Angelina Grimké (1805–1879)
“We term sleep a death ... by which we may be literally said to die daily; in fine, so like death, I dare not trust it without my prayers.”
—Thomas Browne (1605–1682)