CMS Station Brokerage

CMS Station Brokerage is a media brokerage firm, founded in 2003 in Pittsburgh, Pennsylvania and incorporated in 2006, that works with individuals or companies in the U.S. and Canada who are buying or selling radio stations, clusters, FM translators, and radio station construction permits. It has two offices, located in Pittsburgh, Pennsylvania,U.S., and Toronto, Canada. Its president is Roger Rafson.
Significant role
When Duquesne University decided to sell its successful public radio station WDUQ in late 2009, it retained CMS Station Brokerage to find a buyer, and the firm successfully brokered the final deal. The sale was approved by the FCC in 2011 despite several objections over the sale filed by the public concerning the new owner's change from a jazz format to primarily news programming. were fairly complex. Prior to its sale, WDUQ had the largest overall listenership of any of Pittsburgh's public radio stations, making it a valuable property. Essential Public Radio purchased the radio station from Duquesne University under the following terms, which were negotiated by CMS Station Brokerage: The university received $4,004,500 in cash, and provided seller financing in the form of a $500,000 note. Essential Public Media would provide $1 million in on-air advertising to the university, as well as over $500,000 worth of internships to Duquesne students, over the next 10 years.

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