“Basically, I was getting tired, and I was getting too old,” 80-year-old Bill Duhamel said of the decision to sell Duhamel Broadcasting’s last five radio stations. The move comes five years after the company sold its KOTA-TV Rapid City, S.D.
What Schurz is paying the Duhamel family for the ABC affiliate was revealed today in an FCC filing seeking approval of the deal. The parties announced the sale on Oct. 31 without disclosing the price.
After 58 years as a family business, Bill Duhamel says it’s time to sell KOTA. “The rapidly consolidating television industry makes it difficult for a single, stand-alone business to remain competitive and to develop the necessary capital to expand into the digital era,” he said. Acquisition-minded Schurz owns 10 other TV stations. Terms of the deal have not yet been disclosed.