Aloha Station Trust, LLC
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Aloha Station Trust, LLC was a privately owned
trust company A trust company is a corporation that acts as a fiduciary, trustee or agent of trusts and agencies. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trust ...
that owned radio and television stations previously owned by Clear Channel Communications, forerunner of the modern
iHeartMedia iHeartMedia, Inc., or CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc., formerly Clear Channel Communications, Inc., a company founded by ...
. After Clear Channel was acquired by private equity interests in 2007, Clear Channel sold off media outlets to comply with FCC ownership limits that would no longer be grandfathered to them. Many stations agreed to be sold, or have been sold, to companies like
Frequency License LLC Frequency is the number of occurrences of a repeating event per unit of time. Frequency is an important parameter used in science and engineering to specify the rate of oscillatory and vibratory phenomena, such as mechanical vibrations, audio ...
,
Providence Equity Partners Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, and technology investments across North America and Europe. The firm specializes in growth-oriented private equity inves ...
,
Cumulus Media Cumulus Media, Inc. is a broadcasting company of the United States and is the second largest owner and operator of AM and FM radio stations in the United States ahead of Audacy and behind iHeartMedia iHeartMedia, Inc., or CC Media Holdi ...
, Blue Point Media and Santa Barbara Community Broadcasting. Jeanette Tully, a director of Journal Communications Inc., was initially the sole member of the trust until her death in 2018. After that, Barry Drake, formerly of Backyard Broadcasting and Sinclair Broadcast Group, took over trusteeship of the Aloha Station Trust and two other iHeartMedia divestiture trusts. The trust was dissolved in 2021 following the divestiture of its last station in December of that year.


References


External links


www.fcc.gov
{{DEFAULTSORT:Aloha Station Trust, Llc Defunct broadcasting companies of the United States Defunct radio broadcasting companies of the United States