JVC Media is expanding its Florida holdings with the purchase of Community Broadcasters’ four station cluster in Fort Walton Beach for $2,268,839.
The acquisition includes CHR “Q92” 92.1 WECQ Destin, Country “Highway 98.1” WHWY, Variety Hits “102.1 The Wave” WWAV Santa Rosa Beach, and Rock “103.1 The Shark” WZLB Valparaiso. Both companies are majority owned by Northwood Ventures and subsidiary Northwood Capital Partners who own approximately 75% of both JVC Media and Community Broadcasters.
JVC Media will add the Fort Walton Beach cluster to their holdings in Orlando and Gainesville/Ocala and Long Island NY. Community Broadcasters will continue to own 24 stations in Upstate New York and South Carolina.
JVC Media of Florida, one of America’s largest independent and locally owned broadcast and entertainment companies headed by John Caracciolo, continues its rapid growth in Florida by adding four radio stations in Fort Walton Beach, FL. JVC has entered into a definitive agreement with Community Broadcasters, LLC to purchase their four FM signals in Fort Walton Beach including WECQ, WHWY, WWAV, and WZLB. This will bring JVC’s Florida operation to a total of eleven radio stations including three in Orlando and four in Gainesville-Ocala, in addition to the company’s five FM stations in Nassau-Suffolk, NY.
JVC’s CEO John Caracciolo said, “We are honored and privileged to welcome WECQ, WHWY, WWAV, and WZLB and its staff to the JVC family. The prior ownership was committed to community service on the Emerald Coast, high quality broadcasting and creating an excellent work environment for its staff, and we will continue that work. We are tremendously impressed with the Fort Walton Beach market and the remarkable growth and resilience of the area even in these unprecedented times.”
JVC Executive Shane Reeve will oversee the integration of the Fort Walton Beach stations into the company and will be responsible for the staffing and operation of the facilities. Reeve is no stranger to the area having managed clusters in Fort Walton Beach and Pensacola. He added, “I’m thrilled JVC is bringing our live and local approach to the Florida Panhandle and Emerald Coast!”.
