Good Karma Brands to purchase E.W. Scripps’ WTMJ, WKTI radio stations

By Freeman Staff

July 28, 2018

MILWAUKEE - Good Karma Brands, LLC announced plans Friday to purchase WTMJ (620 AM and 103.3 FM) and WKTI (94.5 FM) from The E.W. Scripps Company, according to a news release.

Good Karma Brands, headquartered in Milwaukee, owns and operates six ESPN affiliated radio stations, including two in Wisconsin - 540 ESPN (WAUK-AM) in Milwaukee and 100.5 ESPN (WTLX-FM) in Madison. Its Wisconsin radio assets also include a local news talk station (1430 WBEV-AM) and a country music station (95.3 WXRO-FM) in Beaver Dam.

“We’re thrilled to welcome WTMJ and WKTI to the GKB family,” said Craig Karmazin, Good Karma Brands founder and chief executive officer, in a statement. “The heritage, prestige, and team at the stations, in addition to their incredible sports partnerships, fit our commitment to provide best-in-class opportunities for our teammates, content for our fans, and solutions for our marketing partners.”

Good Karma Brands is a sports media and entertainment company with expertise in local sports marketing activation. Its assets include several premium brands, including an events division that produces the Wisconsin Sports Awards, the Tundra Trio hospitality houses in Green Bay, and the Cheribundi Tart Cherry Boca Raton Bowl, as well as ESPN media assets in Baltimore (digital), Cleveland (digital/radio), Madison (digital/radio), Milwaukee (digital/radio), Washington (digital) and West Palm Beach (digital/radio).

The transaction will be filed with the FCC and upon approval, is expected to close in fourth quarter.

- Conley News Service