Apogee Communications to Acquire Radio Stations
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Apogee Communications, a Burbank company owned by Roy P. Disney, said it agreed to acquire two Portland, Ore., radio stations from Ackerley Communications Inc.
Terms of the deal were not disclosed. Ackerley is a broadcasting and advertising concern headquartered in Seattle. Apogee said the transaction is subject to approval by the Federal Communications Commission.
Apogee was formed by Disney last year and recently announced plans to acquire radio stations in the West. Disney is the grandnephew of Walt Disney and the son of Roy E. Disney, who controls Shamrock Holdings, which also owns broadcast properties.
Apogee also said it is considering moving its headquarters to Portland.
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