05.26.2011 11:30 AM
Richland Buys L.A. Emmis Tower for Reported $6 Million
GLENDALE, CALIF.: Richland Towers added another structure to its
collection serving the Los Angeles market. Tampa, Fla.-based Richland acquired
the Flint Peak tower site formerly owned by Emmis Communications. Flint Peak is
around 27 miles by windy road from Mt. Wilson, the venerable basin antenna farm
serving the L.A. basin. Richland has three towers on Mt. Wilson.
“It is by far the best off-Mt. Wilson auxiliary facility in the Los Angeles
market which we will enhance with both UHF and FM community antenna systems,”
Richland’s David Denton said.
No transaction terms were disclosed, but
Inside Radio reports that the
40-acre site sold for $6 million.
~ Deborah D. McAdams