KKHQ-FM (98.5 MHz), branded as Q98-5, is a radio station serving Waterloo, Cedar Falls, and surrounding cities with a Top 40/CHR format. This station is owned by Townsquare Media.
On August 30, 2013, a deal was announced in which Townsquare Media would acquire 53 Cumulus stations, including the then-KOEL-FM, for $238 million. The deal was part of Cumulus' acquisition of Dial Global; Townsquare and Dial Global are both controlled by Oaktree Capital Management.[1][2] The sale to Townsquare was completed on November 14, 2013; KOEL-FM was one of three stations (along with KCRR and KKHQ-FM) that were placed in a divestiture trust for eventual resale within two years.[3] In December 2016, the Federal Communications Commission approved Townsquare's request to reacquire the stations from the divestiture trust.[4]
On December 9, 2020, KOEL-FM and KKHQ-FM swapped frequencies, bringing the KOEL-FM call letters and the country format back to 92.3 FM after 17 years. In return, KKHQ-FM's Top 40/CHR format moved to 98.5 and rebranded as "Q98.5".[5]
References
- ^ "Official: Cumulus Buys Dial Global, Spins Some Stations To Townsquare; Peak Stations Sold To Townsquare, Fresno Spun To Cumulus". All Access. August 30, 2013. Retrieved August 30, 2013.
- ^ "Cumulus Makes Dial Global And Townsquare Deals Official". RadioInsight. August 30, 2013. Retrieved August 30, 2013.
- ^ "Cumulus-Townsquare-Peak Deal Closes". All Access. November 15, 2013. Retrieved November 16, 2013.
- ^ "Connoisseur Media Sells Wichita Pair to Rocking M Media".
- ^ "Townsquare Swaps Formats in Waterloo".
External links
- Q98.5 - Official website
- ‹The template FMQ is being considered for deletion.› KKHQ in the FCC FM station database
- KKHQ in Nielsen Audio's FM station database
42°26′31″N 92°23′49″W / 42.442°N 92.397°W
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