Control of Radio Medford, which operates four FM and two AM stations in the Rogue Valley, has changed.

Control of Radio Medford, which operates four FM and two AM stations in the Rogue Valley, has changed.

Debt-laden Mapleton Communications, based in Los Angeles, has turned over a 90 percent stake in the company to New York-based Lazard Group's Corporate Partners II.

Mapleton Communications operated 41 radio stations in California, Oregon and Washington, including the Radio Medford cluster of KTMT-FM (93.7), KBOY-FM (95.7), KCMX-FM (101.9), KAKT-FM (105.1), KGAY-AM (580) and KCMX-AM (880).

The lender reportedly plans to keep Mapleton Chief Executive Officer Adam Nathanson and most of the management in place.

No immediate changes at the stations were announced.

Lazard affiliate Lazard Alternative Investments financed Mapleton Communications' expansion in July 2006 when it acquired 10 stations in Chico, Calif., and Redding, Calif., from Regent Communications for $17.5 million. In recent years, the declining economy has hurt radio advertising revenues.

Mapleton Communications acquired Radio Medford from Marathon Media in August 2001.

Telephone calls to Nathanson and Ron Hren, senior vice president of Oregon and Northern California, were not immediately returned.

— Greg Stiles