GoodRadio.TV

GoodRadio.TV was the trading name of Good Radio Networks LLC, a United States radio station ownership group based in West Palm Beach, Florida. The company was led by Dean Goodman, a former president of Pax, and was formed with participation from former National Association of Broadcasters chairman Eddie Fritts and Carl Hirsch, who had founded NextMedia. Although its name included “TV,” GoodRadio.TV operated radio stations rather than television stations. The group entered the broadcasting market in late 2006 by purchasing six stations in Iowa. Its portfolio expanded substantially in February 2007, when it acquired eight AM and eight FM stations in Missouri from the Shepherd Group. The Missouri transaction gave GoodRadio a broad presence across smaller communities, with stations serving markets including Bethany, Cameron, Clinton, Farmington, Lebanon, Lowry City, Macon, Madison, Moberly, and Waynesville. Its Iowa properties served Fairfield, Grinnell, and Newton. In 2007, GoodRadio also pursued a much larger expansion. It planned to acquire approximately 200 smaller-market radio stations from Clear Channel Communications, but the proposed transaction did not proceed. The financing group, American Securities Capital Partners, objected to the reported purchase price of $452 million. As a result, GoodRadio did not complete the planned acquisition, and the company continued operating a smaller portfolio concentrated in Iowa and Missouri. GoodRadio.TV was reorganized in 2013 as part of a broader corporate consolidation. The company was folded into Digity, LLC, a larger radio holding company also associated with Goodman. The restructuring occurred alongside Digity’s acquisition of NextMedia, while a related West Palm Beach station group operated under the West Palm Broadcasting banner. In February 2016, Digity was acquired by Alpha Media, controlled by Larry Wilson. GoodRadio.TV therefore ceased to function as an independent station group, with its assets becoming part of successive larger radio ownership structures. The company’s significance lies primarily in its rapid aggregation of small-market radio properties during the mid-2000s and in its attempted, but unsuccessful, large-scale purchase from Clear Channel. Its portfolio included both AM and FM outlets, reflecting the traditional broadcast-station model used by regional radio groups. No television stations were identified as part of its ownership holdings despite the brand’s use of “TV.”

Good Radio Networks LLC, doing business as GoodRadio.TV, emerged in the United States radio industry in late 2006. The company was headquartered in West Palm Beach, Florida, and was led by Dean Goodman, a former president of Pax. Its partners included Eddie Fritts, a former chairman of the National Association of Broadcasters, and Carl Hirsch, the founder of NextMedia. The ownership group was structured around the acquisition and operation of radio stations in smaller American markets. GoodRadio.TV began with the purchase of six stations in Iowa. These outlets served Fairfield, Grinnell, and Newton and included both AM and FM licenses. The initial portfolio consisted of KMCD and KKFD in Fairfield, KGRN and KRTI in Grinnell, and KCOB and KCOB-FM in Newton. This combination gave the company paired AM/FM operations in several local markets. The company expanded into Missouri in February 2007 by purchasing eight AM and eight FM stations from the Shepherd Group. The Missouri portfolio covered a wide geographic area and included stations in Bethany, Cameron, Clinton, Farmington, Lebanon, Lowry City, Macon, Madison, Moberly, and Waynesville. The listed properties included KAAN, KMRN, KDKD, KREI, KJFF, KBNN, KXEA, KIRK, KWIX, KJPW, KIIK, and other associated FM stations. Through these acquisitions, GoodRadio became a multi-market regional broadcaster with a substantial presence in Missouri’s smaller communities. GoodRadio’s ambitions extended beyond the stations it had already acquired. In 2007, it planned to purchase approximately 200 smaller-market radio stations from Clear Channel Communications. The proposal would have transformed GoodRadio into a much larger national or near-national radio owner. The deal was not completed, however, because American Securities Capital Partners, the financing group involved in the proposed transaction, objected to the reported $452 million purchase price. The failed transaction limited GoodRadio’s expansion and left its operating footprint concentrated in Iowa and Missouri. The group was later absorbed into a broader corporate structure. In 2013, GoodRadio.TV was folded into Digity, LLC, another holding company associated with Dean Goodman. This reorganization coincided with Digity’s acquisition of NextMedia, the company founded by GoodRadio partner Carl Hirsch. A related station group in the West Palm Beach area operated under the West Palm Broadcasting name. These developments reflected the continuing consolidation of the United States radio ownership sector, in which regional portfolios were combined into larger private station groups. In February 2016, Digity was acquired by Alpha Media, a radio company associated with Larry Wilson. After that transaction, GoodRadio.TV no longer operated as a separate ownership group. The brand is therefore best understood as a defunct regional radio holding company whose station assets passed into larger corporate portfolios. Despite the “TV” element in its name, the company did not own television stations according to the available account; its holdings consisted of AM and FM radio outlets.

1. 2016Digity acquired by Alpha Media

   Alpha Media acquires Digity, ending GoodRadio.TV’s independent corporate identity.

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2. 2013Operations folded into Digity

   GoodRadio.TV is incorporated into Digity during a broader restructuring involving NextMedia and related station holdings.

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3. 2007Missouri station portfolio acquired

   The company acquires eight AM and eight FM stations from the Shepherd Group, creating a substantial Missouri presence.

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4. 2007Clear Channel acquisition plan fails

   A proposed purchase of approximately 200 smaller-market Clear Channel stations is abandoned after financing objections to the reported $452 million price.

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5. 2006GoodRadio.TV is established

   Good Radio Networks LLC begins operating under the GoodRadio.TV name after acquiring six radio stations in Iowa.

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A regional owner and operator of radio stations serving small and mid-sized United States markets, with an emphasis on consolidating AM and FM properties in Iowa and Missouri.

• Iowa radio stationsAM and FM radio broadcasting2006

  GoodRadio.TV’s initial portfolio comprised six Iowa stations: KMCD and KKFD in Fairfield, KGRN and KRTI in Grinnell, and KCOB and KCOB-FM in Newton. The properties represented paired AM and FM services in several smaller local markets and formed the company’s first operating cluster.

• Missouri radio stationsAM and FM radio broadcasting2007

  In February 2007, GoodRadio.TV expanded with a large Missouri portfolio acquired from the Shepherd Group. The stations served communities including Bethany, Cameron, Clinton, Farmington, Lebanon, Lowry City, Macon, Madison, Moberly, and Waynesville. The group included both AM and FM outlets and was designed around local-market radio operations rather than television broadcasting.

• 2013Integration into DigityStrategy

  GoodRadio.TV was part of a broader consolidation of radio station ownership associated with Dean Goodman and the acquisition of NextMedia.

  What changed. The GoodRadio.TV organization was folded into Digity, LLC, while related West Palm Beach holdings operated under the West Palm Broadcasting banner.

  Aftermath. GoodRadio.TV ceased operating as a standalone radio ownership group and became part of Digity’s larger portfolio.

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• 2007Pursuit of Clear Channel’s smaller-market stationsM&A

  GoodRadio.TV sought to accelerate its growth by acquiring approximately 200 smaller-market radio stations from Clear Channel Communications.

  What changed. The company pursued the transaction, but its financing group, American Securities Capital Partners, objected to the reported $452 million cost.

  Aftermath. The proposed acquisition was not completed, leaving GoodRadio.TV with its existing Iowa and Missouri-focused portfolio.

  Proposed acquisition price. $452 million proposed transaction value (2007)

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• 2016Alpha Media acquires Digity

  Alpha Media, associated with Larry Wilson, acquired Digity in February 2016, ending GoodRadio.TV’s existence as an independent radio ownership group.

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• 2013GoodRadio.TV is folded into Digity

  GoodRadio.TV was reorganized into Digity, LLC during a broader consolidation involving the acquisition of NextMedia and related West Palm Beach radio holdings.

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• 2007GoodRadio.TV expands into Missouri

  The company acquired eight AM and eight FM stations from the Shepherd Group, expanding its small-market radio portfolio across Missouri.

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• 2007Planned Clear Channel station acquisition collapses

  GoodRadio.TV planned to acquire about 200 smaller-market stations from Clear Channel Communications, but the transaction failed after its financing group objected to the reported $452 million price.

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• 2006GoodRadio.TV is established through Iowa station acquisition

  GoodRadio.TV was established in late 2006 after acquiring six radio stations in Iowa.

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1. GoodRadio.TV