Pending approval by the US Bankruptcy Court, MediaNews Group will acquire most of the assets of the Reading Eagle Company for $5 million.
Not included in the sale will be the license of News/Talk 830 WEEU Reading PA. Upon closing of the sale by July 31 the station will be taken off the air while the remnants of the Reading Eagle Company attempt to sell the station’s license. The Reading Eagle reports that the buyer of the station will be able to use WEEU’s current transmitter site for up to five years or until MediaNews Group sells them.
WEEU carries a mix of local and syndicated talk shows and serves as the Reading affiliate for the Philadelphia Phillies, Eagles and Penn State University sports. The station operates with 20kW day/6kW night from a five tower array adjacent to Interstate 78 in Shartlesville PA.