Station Sales After its sale to Compass Radio Group did not close, Fidelity Broadcasting has resold AC “94.5 The Tide” WYEZ Murrells Inlet and Soft AC “Easy 105.9/100.7” WEVZ North Myrtle Beach/WGTN-FM Andrews, SC to Byrne Acquisition Group for $1.316 million. Byrne owns Sports “105.5 The Roar” WCCP-FM/1560 WAHT Clemson SC, WBUW-TV Janesville WI, and an LPTV in Hilton Head Island. 810 Incorporated sells Brokered 810 WEDO McKeesport, PA to Broadcast Communications, Inc. for $175,000. Buyer Bob Stevens told the Pittsburgh Tribune-Review he will pair WEDO with 92.3 W222CB Irwin consolidating programming currently heard on 770 WKFB Jeanette/97.5 W248AR Monroeville, which will launch a new music format serving Pittsburgh’s eastern suburbs. Donald Pugh’s Eternity Media Gr...[Read More]
Update 2:30pm: Despite an immediate LMA being agreed to in December and the acquisition approved by the in February, WYEZ GM Matt Sedota checks in to state that the format change to “94.5 The Tide” was made by Fidelity Broadcasting, which continues to operate WYEZ and sister Soft AC “Easy 105.9/100.7” WEZV North Myrtle Beach/WGTN-FM Andrews. What this means for the pending sale to Compass we do not know. Original Report 11:44am: Compass Radio Group has made its first major move since acquiring its three Myrtle Beach, SC stations last December. Compass has flipped Rhythmic AC “Movin 94.5” WYEZ Murrells Inlet to AC “94.5 The Tide“. The move fills the AC gap in the Myrtle Beach market between Compass’ Soft AC “Easy 105.9/100.7”...[Read More]
Fidelity Broadcasting is selling its three stations in the Myrtle Beach, SC market to the newly formed Compass Radio Group. Compass, headed by Bob Woodward and John Trent, will acquire Rhythmic AC “Movin 94.5” WYEZ Murrells Inlet and Soft AC “Easy 105.9/100.7” WEVZ North Myrtle Beach/WGTN-FM Andrews for $1.6 million. The buyers began operating the three stations via LMA on December 1. Woodward is a partner in Spectrum Radio Group which owns four stations in the Morgantown, WV market, while broadcast lawyer Trent is owner of 1480 WQTM Fair Bluff, NC.