Aloha Station Trust, LLC
Encyclopedia
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 is selling off media outlets to comply with FCC ownership limits that will no longer be grandfathered to them. Many stations have already 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.
Ft. Pierce-Stuart
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...
is a privately owned trust company
Trust company
A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank, or a law firm, each of which specializes in being a trustee of various kinds of...
that owns radio and television stations previously owned by Clear Channel Communications
Clear Channel Communications
Clear Channel Communications, Inc. is an American media conglomerate company headquartered in San Antonio, Texas. It was founded in 1972 by Lowry Mays and Red McCombs, and was taken private by Bain Capital LLC and Thomas H. Lee Partners LP in a leveraged buyout in 2008...
.
With the buyout in 2007, Clear Channel is selling off media outlets to comply with FCC ownership limits that will no longer be grandfathered to them. Many stations have already agreed to be sold, or have been sold, to companies like Frequency License LLC, Providence Equity Partners
Providence Equity Partners
Providence Equity Partners is a global private equity investment firm focused on media, entertainment, communications and information investments...
, Cumulus Media
Cumulus Media
Cumulus Media, Inc. is the second largest Owner and Operator of AM and FM radio stations in the United States, behind Clear Channel Communications, operating 570 stations in 150 markets as of September 16, 2011. The company also owns Cumulus Media Networks...
, 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.
Ft. Pierce-StuartStuart, FloridaStuart is the only incorporated city of Martin County, Florida, on Florida's Treasure Coast. The population was 14,633 at the 2000 census. As of 2007, the population recorded by the U.S. Census Bureau is 15,964....
-Vero Beach, FloridaVero Beach, FloridaVero Beach is a city in Indian River County, Florida, USA. According to the U.S. Census Bureau's 2006 estimates, the city had a population of 16,939. It is the county seat of Indian River County...
- WCZRWCZRWCZR is a radio station broadcasting a talk radio format, repeating West Palm Beach station WZZR. Licensed to Vero Beach, Florida, USA, the station is currently owned by the Aloha Station Trust....
- WSYR-FMWSYR-FMWPHR-FM is an American radio station licensed in Gifford, Florida, serving the Vero Beach / Fort Pierce market. The station, owned and operated by the Aloha Stations Trust, airs talk shows....