WVJT Inc. Acquires 101.5 WVMP Roanoke
Todd Robinson’s WVJT Inc. has agreed to acquire AAA “101.5 The Valley’s Music Place” WVMP Vinton/Roanoke VA from Dr. William Amos’ Community Media Group for $600,000.
Robinson began operating WVMP via LMA on August 1. The station joins a Roanoke/Lynchburg cluster that includes Hot AC 93.7 WKHF Lynchburg, Classic Rock “97.9 The Planet” WZZU Lynchburg, “Oldies 103.9/106.9” WHTU Big Island/106.9 WZZI Bedford.
WVJT LLC has agreed to purchase 1.2kW AAA WVMP-FM (101.5) in Roanoke, VA, from Community Media Group LLC for $600,000. The buyer is headed by Todd Robinson, who owns radio stations in Lynchburg, Bedford, Covington, Clifton Forge and Lewisburg, WV. The seller is headed by Dr. William E. Amos, who holds no other broadcast interests, but will become a shareholder of Community Media Group upon the closing of the transaction.
WVJT LLC began operating WVMP on August 1 under a local marketing agreement (LMA). According to Todd Robinson, “Our group is excited to become a part of such a wonderful community (Roanoke area) and look forward to continuing and expanding the fine broadcast services started by Dr. Amos and his very capable staff.”
According to Dr. Amos, “My workload as CTO of Meridium and other software ventures has increased. This month we will release a new version of our software and I need to spend more time working with Meridium customers and project teams making the transition to the new product line. I’m excited to be a shareholder of Todd’s company and will assist as required. Being a shareholder of the group was important to me continue to promote the local market.”
George Reed of Media Services Group represented the seller in this transaction.