Bonneville International selling 17 radio stations to Hubbard Broadcasting for $505 million
Salt Lake City-based Bonneville International says it is selling 17 radio stations to Minneapolis-based Hubbard Broadcasting Corp. A Bonneville news release announced the $505 million cash acquisition on Wednesday.
Journal Communications Inc. posted an $8.1 million profit in the second quarter as rising revenue in the broadcast unit was augmented by cost-cutting initiatives, the company said Wednesday.