Forever Media Acquires Delmarva Broadcasting
Forever Media will pay $18.5 million for Delmarva Broadcasting’s ten stations and one translator.
Original Report 2/5: Kerby Confer and Donald Alt’s Forever Media has announced the acquisition of Steinman Communications’ Delmarva Broadcasting or an undisclosed amount.
As part of the deal Forever will acquire Top 40 93.7 WSTW Wilmington DE, News/Talk 1150 WDEL Wilmington/101.7 WDEL-FM Canton NJ, Country 103.7 WXCY Havre de Grace MD, Classic Hits “97.1 The Wave” WAVD Ocean Pines/Salisbury MD, News/Talk “Delaware 105.9” WXDE Lewes DE, Classic Hits “Cool 101.3” WNCL Milford DE, Hot AC “Eagle 97.7” WAFL Milford, “ESPN Delaware” 930 WYUS/102.1 W271CX Milford, and Christian “Faith 1510” WFAI Salem NJ.
Forever currently owns stations throughout Central and Western Pennsylvania, Wheeling WV, and Cumberland and Easton MD.
Michael Bergner of Bergner & Co. served as broker of the transaction.