Arthur A. Angotti is selling Artistic Media Partners three FM’s in South Bend, IN to Sound Management, LLC.
The $3.5 million sale of CHR “U93” WNDV-FM and Classic Hits simulcast “The Stream” 97.7 WSSM Goshen/102.3 WSMM New Carlisle will transfer operations of the stations to Angotti’s son Arthur A. Angotti III. Sound Management’s ownership will have 45% held by Angotti III, 10% by Barbara Angotti, and 45% by Artistic Media Partners. Sound Management will begin operating the stations via LMA on November 1.
Angotti III currently serves as President of Aristic. That company will continue to own WNDV simulcast 1620 WDND South Bend, two FMs in Bloomington, and 1 AM and 3 FMs in Lafayette, IN.