KRCS
Ownership
In May 1999, Triad Broadcasting reached a deal to acquire this station from Brothers Jim and Tom Instad as part of a twelve-station deal valued at a reported $37.8 million.
In July 2006, Schurz Communications. reached an agreement to buy this station from Triad Broadcasting Co. as part of a six-station deal valued at a reported $19 million. Schurz Communications created the Black Hills broadcast division, New Rushmore Radio, now known as Rushmore Media Company.
Schurz Communications announced on September 14, 2015 that it would exit broadcasting and sell its television and radio stations, including KRCS, to Gray Television for $442.5 million. Though Gray initially intended to keep Schurz' radio stations, on November 2, it announced that HomeSlice Media Group, LLC would acquire KRCS and the other Rushmore Media Company radio stations for $2.2 million; the deal reunites the stations with KBHB and KKLS, which HomeSlice acquired from Schurz in 2014 following its purchase of KOTA-TV. The sale to HomeSlice Media was consummated on February 15, 2016 at a price of $2.5 million.
References
- ^ "Facility Technical Data for KRCS". Licensing and Management System. Federal Communications Commission.
- ^ Holmes, Alisa (1999-05-24). "Changing Hands". Broadcasting & Cable. Archived from the original on 2012-10-19.
- ^ "Deals". Broadcasting & Cable. 2006-07-24.
- ^ "Schurz Communications to sell WSBT and other TV, radio stations". South Bend Tribune. September 14, 2015. Retrieved September 14, 2015.
- ^ Kuperberg, Jonathan (September 14, 2015). "Gray Acquiring TV, Radio Stations from Schurz for $442.5 Million". Broadcasting & Cable. Retrieved September 14, 2015.
- ^ "Gray Sells Radio Stations From Schurz Deal". TVNewsCheck. November 2, 2015. Retrieved November 2, 2015.
- ^ Venta, Lance (November 2, 2015). "Gray Television Divests Schurz Clusters To Three Buyers". RadioInsight. Retrieved November 2, 2015.
- ^ "HomeSlice Group purchases four Rapid City radio stations". Meade County Times-Tribune. November 2, 2015. Retrieved November 2, 2015.
- ^ "HomeSlice Media Group purchases four Rapid City radio stations". Rapid City Journal. Retrieved 2015-11-05.
External links
- Hot 93.1 KRCS official website
- Facility details for Facility ID 9668 (KRCS) in the FCC Licensing and Management System
- KRCS in Nielsen Audio's FM station database
- Facility details for Facility ID 85678 (K248BT) in the FCC Licensing and Management System
- K248BT at FCCdata.org
- Facility details for Facility ID 9660 (K252DN) in the FCC Licensing and Management System
- K252DN at FCCdata.org
- Facility details for Facility ID 9659 (K280AJ) in the FCC Licensing and Management System
- K280AJ at FCCdata.org
44°19′59″N 103°32′20″W / 44.333°N 103.539°W
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