Bonneville International Corp. has announced an agreement to purchase WTOP-FM in Washington, D.C., the company's sixth radio station in the nation's capital.
President and CEO Bruce T. Reese said Bonneville has an agreement to purchase the station from Radio Broadcast Communications of Rockville, Md., for an undisclosed amount of money.Bonneville is already operating WTOP-FM under a lease-management agreement. The Utah-based company is currently simulcasting the all-news programming of sister station WTOP-AM on WTOP-FM.
"The WTOP-FM signal covers the fastest-growing area in the Washington metropolis," Reese said. "It expands our ability to serve the nation's capital city with an award-winning news product."
In addition to WTOP-AM and WTOP-FM, Bonneville also owns and operates four other radio stations in Washington, D.C. - WGMS-FM, WWZZ-FM, WWVZ-FM and WXTR-AM.
The new purchase is pending Federal Communications Commission approval.
Bonneville will own a total of 15 radio stations (11 FM and four AM properties) plus two TV stations, when a separate transaction to purchase Cedar City's KSGI-TV is also complete. Bonneville also owns six communication support companies.