Update 8/25: NRG Media will be paying $3.55 million for the four Woodward stations in Waterloo.
Original Report 8/22: NRG Media has acquired Woodward Communication’s four stations in Waterloo, IA for an as yet undisclosed price.
NRG Media CEO Mary Quass said, “We are delighted to have the opportunity to add the stations in Waterloo/Cedar Falls to our platform. We continue to look for great radio properties that are located in the Midwest and are an integral part of the communities they serve. NRG is pleased to be adding these strong stations to our company of great local radio stations.”
“WCI is pleased to be able to transition the Waterloo-Cedar Falls Radio Group to NRG, a well-known, community-oriented radio broadcast company with a great Midwestern culture and presence”, said WCI President/CEO Tom Woodward. “Our strategic plans and related growth goals positioned the sale of the Waterloo properties and we salute the loyal, talented and dedicated staff we were fortunate to work with. We will continue to operate, grow and enhance our award-winning, seven station radio group in the Appleton/Green Bay, Wisconsin markets which we’ve owned since the late 70’s.”