Hilliary Media Group acquires several oklahoma radio stations

Photo Credit: Hilliary Media Group

Dustin Hilliary’s Hilliary Media Group acquires Mollman Media’s eight Oklahoma-based radio stations and four translators for $867,500.

Oklahoma native Dustin Hilliary’s Hilliary Broadcasting Co. has acquired Mollman Media’s eight radio stations and four translators in a deal valued at close to $900,000. Thanks to an LMA (Loan Market Association) that took effect on December 1 with the signing of the asset purchase agreement, Hilliary Media began operating the stations, based in Chickasha, Duncan, and Lawton, OK, on December 1.

Included in the deal are Kool 105.5 KWCO-FM Chickasha, Kickin’ Country 97.1 KKEN-FM Duncan, 1050 KKRX-AM/93.7 K22DG Lawton, 97.9 Jamz KJMZ-FM Cache, New Country 98.5 KACO-FM Apache, Heart & Soul 96.7 1380 KXCA-AM/96.7 K244FW Lawton, 105.3 The Eagle KDDQ-FM Comanche, and News/Talk 1350 KFTP/106.1 Duncan.

Hilliary serves as a Senior Advisor to the Governor of Oklahoma, and in addition to Hilliary Media, he owns wireless and broadband companies in rural Oklahoma. Hilliary Media also owns multiple newspapers and radio networks, including Oklahoma Farm Report, Oklahoma Radio Network, and Oklahoma News Network.

David Oxenford of Wilkinson Barker Knauer represented Mollman in the deal, while Bob Silverman of Womble Bond Dickinson served as Hilliary’s legal rep. Paperwork has been submitted for regulatory approval, outlining the terms of the pending transaction. A cash deposit of $43,375 has already been made to Mollman, while the total price paid for the stations comes to $867,500.

The deal comes amid a slew of radio station shakeups in the New York morning circuit, including the cancellation of beloved hip-hop program “Ebro in the Morning” on Hot 97. The station has announced a trio of new hosts to replace Ebro Darden, Laura Stylez, and Peter Rosenberg, who hosted the morning program for years. It’s not yet known what new program is in the works to replace it, but Darden has indicated that his show might have a future reimagined as a podcast.