On July 15, 2012, Ty and Tony Tyler's "Tyler Media" entered into an agreement with Renda Broadcasting to purchase that company's Oklahoma City radio cluster (KMGL, KOMA, KRXO and KOKC) for $40 million. In accordance to limits imposed by the Federal Communications Commission on the number of radio stations a single broadcasting entity can own in a single market, Tyler sold KTLR and KKNG to WPA Radio for $1.6 million. Tyler's purchase of KOKC and its sister stations was consummated on November 13, 2012.