Digity to sell radio station portfolio to Alpha Media

Digity LLC said Wednesday it has agreed to sell its radio station portfolio to Alpha Media. Financial terms weren’t announced. Garrison Investment Group LP and Dean Goodman own a majority of Digity. West Palm Beach, Florida-based Digity owns or operates 116 stations in 26 markets. Piper Jaffray served as advisor to Alpha Media. RBC Capital Markets LLC advised Digity Media.

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