Adams Radio Group closes on Northern Indiana Stations.

Aug 1st, 2014 By: News KGRT 570
Topics: News
Minneapolis, MN – August 1, 2014:   Adams Radio Group  has  closed on its acquisition of Radio  One Communications radio cluster in Northwest Indiana. Kalil & Company was the broker in the transaction. Ron Stone, President and CEO of Adams said "My excitement for this market is through the roof! There  are so few opportunities like this...a company owned and operated by the same family for 50 years. The 
       Ellis family  50 year  stewardship of these stations has been  amazing and  we are fortunate to be the next  stewards of these great  properties.   These stations serve “the Region”, a fast growing area from  Chicago to South Bend covering about a million people...great additions to our company." This is the third market for Adams Radio Group since reentering the radio  business last July.    
      Adams  closed on Las Cruces, NM in December and its eight station cluster in Fort Wayne in June. "We're excited to be joining Adams Radio and becoming part of a larger group.   We are excited to work  with the people  at  Adams  and together bring the stations to  the next level," said  OJ Jackson,  Market  Manager.  "Our stations have served  the area between Chicago and South Bend for 50 years  and we are  all about  “live  and local”,  a mission shared by Adams. Our tradition of high quality programming will continue and the public will be well served by our new company."
     Adams Radio Group is headed by Ron Stone.  Adams is a medium to small market company focused on  local radio operations and creating great  marketing opportunities in the local communities.  The ownership  group  of  ARG  is  comprised  of  individual  investors  led  by  Stephen  Adams,  who  is Chairman and majority owner of The Adams Companies, a diversified group of companies encompassing wineries, outdoor advertising, recreational vehicles and related services.
         Kalil & Co., Inc.'s seven broker team represents television, radio, and  outdoor ownership and is the top ranked brokerage firm in the country.  Kalil is based in Tucson, AZ.  For more information on Kalil, call 520.795.1050 or email KALIL@KALILCO.COM.