Lafayette TV Acquires Artistic Media’s Lafayette IN Cluster
Arthur Angotti II’s Artistic Media Partners has announced the sale of its four stations in Lafayette IN to Lafayette TV, LLC for $2.3 million.
The Bill Christian and Mike Reed led Lafayette TV currently owns WPBI-LD TV in the market which will soon launch as the market’s NBC and Fox affiliates. The deal with Artistic will give them Variety Hits “95.3 Bob-FM” WBPE Brookston, “Your Country 95.7” WYCM Attica, CHR “Z96.5 WAZY-FM Lafayette, and “Fox Sports 1410” WSHY Lafayette.
Following the sale Artistic will only retain 1620 WDND South Bend. Its two stations in Bloomington IN are in the process of being spun-off to AI Radio, which has 33.33% held each by Arthur Angotti II, his son Arthur Angotti III, and Steven Isenberg.
This is to announce that a contract has been signed and an application is being filed with the FCC for the transfer of radio stations WCYM-FM, Attica; WBPE-FM, Brookston; WAZY-FM and WSHY-AM, Lafayette; all in Indiana, from Artistic Media Partners, Inc. to Lafayette TV, LLC for $2,300,000.
The Seller, Artistic Media Partners, Inc., is an Indiana-based company headed by Arthur Angotti II. Artistic Media also owns WDND-AM, South Bend, IN. Arthur Angotti III said, “After 23 years of visiting and living in the Lafayette market, it’s not easy letting our Lafayette stations go, but having met with the owners of Lafayette TV, LLC, I am confident that they will continue our commitment to broadcast excellence and the support of the staff, the community, and continue the partnership with Purdue University!
I am very proud of the team of broadcast professionals and the 4 radio stations we have built in Lafayette. Our continuing dedication to the listener is what has made WAZY, BOB FM, Your Country and WSHY the vest best radio stations in the market.” Art Angotti said, “Artistic Media is pleased that Lafayette TV, LLC will purchase our radio group in Lafayette. This is good for our clients, employees, and the community. This is a great strategy for Lafayette TV, LLC with huge potential.”
The Buyer, Lafayette TV, LLC, is an Indiana-based company headed by Bill Christian and Mike Reed. Lafayette TV’s CEO Bill Christian said, “We are thrilled to be working with this great group of stations in a terrific, growing area. The Angotti family has spent two generations building this team and serving the market, and our goal is to continue their tradition of proud service.” President Mike Reed noted, “Additionally, we are excited to announce that we are launching the market’s first local Fox and NBC television stations. We look forward to becoming a meaningful part of the Lafayette community.”
WSHY-AM operates at 1410 kHz, with 1.0 kW day and 0.06 kW night.
WAZY-FM operates at 96.5 MHz, with 50 kW at 499 HAAT.
WBPE-FM operates at 95.3 MHz, with 2.3 kW at 505 HAAT.
WYCM-FM operates at 95.7 MHz, with 3.1 kW at 433 HAAT.
KALIL & CO., INC. is the exclusive broker for this transaction.