Station Sales Week Of 9/6
After announcing their planned acquisition back in April, Equity Media has filed to purchase Talk 1230 WBOK New Orleans from Bakewell Media for $550,000. The buyer is a consortium including actor Wendell Pierce, Spears Group CEO Cleveland Spears III, Henry Consulting managing partner Troy Henry, and Thomas Media Services head Jeff Thomas.
Empire Broadcasting Corporation sells Silent 1240 WPTR Schenectady and the CP for 97.1 W246DS Ballston Spa NY to Area Independent Radio fo $75,000. The buying group is led by Schenectady Access Cable Council executive director Randall Houge and former Union College president Roger Hull. An immediate LMA is included in the deal.
DWS Inc. and parent company News-Gazette Inc. have filed for Chapter 11 bankruptcy placing the company’s cluster in Champaign IL in debtor-in-possession. The stations include News/Talk 1400 WDWS/93.9 W230CW Champaign, AC “Lite Rock 97.5” WHMS-FM Champaign, and Classic Hits 107.9 WKIO Arcola.