Good Karma Brands is acquiring ESPN radio stations in New York, Los Angeles and Chicago
Milwaukee-based media and marketing company Good Karma Brands is acquiring ESPN radio stations in New York, Los Angeles and Chicago.
Good Karma Brands will expand its geographic footprint with the acquisitions, the company said in a statement. The company already owns ESPN Radio affiliates in Milwaukee, Madison, Cleveland and West Palm Beach.
Good Karma Brands will acquire three radio stations through the agreement with ESPN: ESPN 1050 (WEPN-AM) in New York, ESPN 710 (KSPN-AM) in Los Angeles and ESPN 1000 (WMVP-AM) in Chicago. Those stations will remain ESPN Radio affiliates and broadcast ESPN Network Radio content and locally produced programming, according to the statement.
“We are thrilled to add ESPN New York and ESPN Los Angeles to GKB,” said Good Karma Brands Founder and CEO, Craig Karmazin in the news release. “These stations and teammates give us an expanded footprint and increased resources to help meet our mission of serving our teammates, fans and advertising partners at a best-in-class level.”
Good Karma Brands will also perform some of ESPN's obligations for 98.7 ESPN (WEPN-FM) in New York as part of the agreement.
The ESPN Digital sales agreement with Good Karma Brands will be extended.
The transaction, which is subject to regulatory approvals, is expected to close during the first quarter of 2022.
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Sarah Hauer can be reached at shauer@journalsentinel.com or on Instagram @HauerSarah and Twitter @SarahHauer. Subscribe to her weekly newsletter Be MKE at jsonline.com/bemke.
This article originally appeared on Milwaukee Journal Sentinel: Good Karma Brands acquiring ESPN stations in New York, Los Angeles
