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.

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.

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.