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Tuesday, May 15, 2007

radio madness

Not only is Hutton trying to buy Indie (got the inside scoop on that craziness, but I'm saving it for the paper, but check out their message on their web site!), but now it looks like they're buying blu too. I'm really sad about Indie.
Here's the press release:

Hutton Broadcasting, LLC to acquire
KLBU FM 102.9 from Blu Media, LLC
Santa Fe, May 15, 2007….. Hutton Broadcasting announced today that it has entered into an agreement with Blu Media, LLC to acquire KLBU FM 102.9 operating in Santa Fe and Pecos, NM. The agreement is subject to customary conditions and regulatory approval.
Scott Hutton, General Manager of Hutton Broadcasting, said, “KLBU also known as BLU 102 has an excellent reputation in the Santa Fe market, and we intend to build on this base and enhance its ‘chill’ music format. In addition, with our existing KQBA FM 107.5 and KVSF AM 1400 stations and the just-announced agreement to acquire KWRP FM 101.5, we are now in a position to bring together a team of first-rate radio people to serve the Santa Fe market”.
Edward Hutton, President of Hutton Broadcasting added, “It is very exciting to have the opportunity to assemble a variety of stations and create a strong radio group dedicated to Santa Fe. We recognize the responsibility that comes with that, and we intend to exercise it wisely”.
Hutton Broadcasting, LLC is a radio broadcaster focused on building radio stations in Santa Fe, New Mexico. The Company currently owns KQBA FM 107.5 and KVSF 1400 AM in Santa Fe and recently announced an agreement to acquire KWRP 101.5 (subject to regulatory approval).