The closures come during a difficult period for traditional media companies, which have seen their business models upended by the internet and changes in audience.

The Zone Corporation announced Monday morning that after 41 years of King’s ownership, Bangor area channels WZON, WKIT, WZLO will sign off on Dec. 31. In a press release, King cited losses in the millions of dollars and his advancing age as reasons for the shut down.

Acclaimed author Stephen King is selling his three Bangor, Maine radio stations, stepping away from the business after 40 years.

According to a press release by the stations' parent company, they were never profitable, with Stephen King personally covering their revenue shortfalls.

Stephen King kept the radio stations afloat for decades, and he said he and his wife, Tabitha, are proud to have kept them going for so long.

Zone Corporation, Stephen King's radio station company, announced on Monday that it will cease operations at the end of this month.

Among his 65 novels are works titled "Desperation," "End of Watch," "If It Bleeds," and "The Dark Tower." Little did we know that those names would be apropos for what's coming in days to Stephen King's trio of radio brands in Maine.

Author Stephen King announced on Monday that three radio stations he owns in Bangor, Maine, will cease operations at the close of the year. The renowned author said in a statement on Monday that his three radio stations will be closing, adding that he has enjoyed being a local independent owner.

Stephen King is closing his Bangor, Maine radio stations at year's end, marking the end of an era for the local, independent stations he supported for decades.