Garrison Investment Group's Digity to Sell Radio Portfolio
August 07, 2015
Digity, a company majority owned by Garrison Investment Group, has entered into a definitive agreement to sell its radio station portfolio to Breakwater Investment Management-backed Alpha Media. Digity owns or operates 116 stations in 26 markets. Upon successful completion of the pending deal, Alpha Media will own 251 radio stations within 54 markets across the U.S. covering all formats including Top 40, Adult Contemporary, Spanish, Urban and Sports.