Cumulus Media’s Joule Broadcasting divestment trust has sold Country “104.7 Nash Icon” WELJ Montauk NY/New London CT to Matthew Glaser and Kerry Baldinger’s Bold Broadcasting for $197,000. Baldinger will serve as CEO, while her Glamlots LLC holds a 30% stake and 60% voting stake in the company. Company founder and VP Glaser is a student at Stony Brook University.
iHeartMedia sells Silent 1400 WFOR Hattiesburg MS to Eagle Broadcasting for $120,000. Eagle owns News/Talk 98.1 WMXI Laurel in the Hattiesburg market.
The Hattie Reese Trust is purchasing Oldies 1240 WJLX Jasper AL from Wal-Win LLC for $150,000. The trust is also purchasing WJLX’s translator 101.5 W268BM Jasper from William Neeck for $10.
Our Lady of Guadalupe Radio is purchasing 89.9 WRRO Edon OH from Club 1915, Inc. for $5000. The deal will see WRRO convert from the Indiana based “Redeemer Radio” Catholic network to the buyer’s Toledo based “Annunciation Radio” Catholic network.