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 introduced her to Elena, and in that life-quickening atmosphere of a big railway station where everything is something trembling on the brink of something else, thus to be clutched and cherished, the exchange of a few words was enough to enable two totally dissimilar women to start calling each other by their pet names the very next time they met.”
—Vladimir Nabokov (1899–1977)
“Never trust the artist. Trust the tale. The proper function of the critic is to save the tale from the artist who created it.”
—D.H. (David Herbert)