JVC Spins Off WBXY Gainesville
JVC Media agreed to purchase its Gainesville/Ocala cluster from Asterisk Communications in May 2013 and has been operating the cluster under a Time Brokerage Agreement since. Now JVC has finally filed its application to acquire the stations outright for $3.5 Million.
With Asterisk’s grandfathered ownership of five FM’s in the market unable to be retained following the sale, JVC will turn around and spin-off 99.5 WBXY LaCrosse to Ricardo Arroyo’s RMA Media for $500,000. Arroyo holds a Construction Permit for 99.7 WGMA Silver Springs Shore that will serve the Ocala portion of the dual market.