Saga Communications Acquires Four In Gainesville/Ocala
Saga Communications has announced it has entered into an agreement to acquire Country “K-Country 93.7” WOGK Ocala and Classic Rock trimulcast “Wind-FM” 92.5 WNDT Alachua, 95.5 WNDD Silver Springs and 107.9 WNDN Chiefland FL from Dix Communications’ Ocala Broadcasting Corporation.
No terms for the deal have been disclosed. Dix will retain their two stations in Wooster OH, while marking Saga’s entry into Florida and the Gainesville/Ocala market.
Saga Communications, Inc. (Nasdaq -SGA) announced today that it has entered into an agreement to purchase the assets of WOGK(FM), WNDT(FM), WNDD(FM), and WNDN(FM), from Ocala Broadcasting Corporation, LLC. All the stations serve the Gainesville-Ocala, Florida radio market.
Ed Christian, President and Chief Executive Officer of Saga Communications, said, “A number of years ago we let the Dix family know that these stations would be a great fit for Saga. It’s not often you get the opportunity to buy stations from the 5th generation of the founding family. We see a lot of opportunity with these stations and these markets. We are pleased that the family has decided to entrust Saga with continuing their long-standing heritage of serving the Gainesville-Ocala region with market leading WOGK (K-Country 93.7) and the WIND classic rock trimulcast. Saga intends to continue building its business in radio by identifying and acquiring middle market stations in dynamic communities.”