The head of one group in Central Nebraska is acquiring another as NRG Media has agreed to sell its five stations in Grand Island/Hastings/Kearny to Alan Usher’s Usher Media for $3.75 million.
Usher will acquire Classic Rock “Rock 101.5” KROR Hastings, Country “Y102” 102.3 KRNY Kearney, CHR “Hits 106” 105.9 KQKY Kearney, Classic Hits “107.7 The Island” KSYZ-FM Grand Island, and News/Talk 1340 KGFW/96.1 K241CN Kearney.
The buyer is led by GI Family Radio CEO Alan Usher. GI Family Radio owns a competing eight station cluster in the region based in Grand Island. Usher and his wife Joanna own 32% equity in the company. As part of the acquisition they will divest their shares in GI Family Radio.
Usher commented, “We are excited to announce the acquisition of six radio stations in Central Nebraska. As a locally owned and operated organization, raised in the Tri-Cities, this strategic move underscores our commitment to expanding our media presence while staying deeply connected to our roots. We are committed to being a community leader, championing local projects, and driving community growth. We look forward to providing comprehensive local news, weather, and sports coverage while fostering a vibrant and thriving community for all.”
NRG Media will still retain 30+ stations in Iowa, Illinois, Nebraska and Wisconsin including clusters in Lincoln and Omaha NE. NRG Media CEO Mary Quass said, “We’re pleased to announce the sale of our 6 radio stations in Central Nebraska to Usher Media LLC, a respected local broadcaster. It’s been a privilege to serve this community with an exceptional team whose passion and commitment have made these stations a vital voice in the Kearney, Hastings and Grand Island markets. We are confident that Usher Media will build on that foundation and continue to serve listeners, advertisers, and the community with excellence.”
Kalil & Co. served as broker for the deal.
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