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Post by seattlefollower on Mar 9, 2011 12:15:44 GMT -6
Outside the Salt Lake City market, Simmons does own stations, but apparently as a minority owner in the case of Idaho. From their new Web site: www.simmonsmedia.com/index.php/historyIn 2001 and 2002 opportunities arose to purchase additional stations in Southeast Idaho and Southern Utah. Due to FCC ownership restrictions the company was unable to directly purchase or manage additional stations in these markets, but working with another local broadcast (sic), Kent Frandsen, minority investments in two new entities were made. Canyon Media was formed in St. George and Sand Hill Media was formed in Idaho Falls. The company acquired a 30% non-voting ownership in both entities in exchange for a guarantee on the new companies' initial debt.
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