Relevant Radio and Immaculate Heart Radio have announced the completion of their merger and have also announced that the new organization’s legal name is now Immaculate Heart Media, Inc., broadcasting as Relevant Radio. The merger (officially announced on Oct.13, 2016) received final approval by the Federal Communications Commission on May 24 and all station licenses have been transferred to Immaculate Heart Media, Inc., a Wisconsin non-stock, non-profit corporation.
As a result of this union, Relevant Radio will broadcast Catholic radio programs over 120 AM and FM radio stations and translators in 39 states, reaching 133 million listeners and up to 60 percent of U.S. Catholics. “We give thanks to God, Our Lady, St. Joseph, our extraordinarily generous and faithful supporters, and our very hard-working employees who have made this merger possible,” said Father Francis J. Hoffman, the executive director/CEO. “We are honored to unite and join forces to continue to serve the Catholic Church and Her Bishops,” added Tom Vorpahl, chairman of the board of directors.
According to FCC filings, no cash changed hands as part of the rollup. However, Starboard agreed to assume all of Immaculate Heart’s outstanding debt. When filing the deal with the FCC in January, the companies said they had raised two-thirds of a minimum of $30 million in a joint capital campaign needed to close the deal.