Sales and Transactions: week of Mar 1, 2006

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Cincinnati Classical Public Radio has reached two separate agreements that will allow the broadcaster to exit Michigan once these two deals, plus one announced earlier this year, are completed.

In the first deal, Coltrace Communications, owner of Classic Hits WUPS-FM 98.5 Houghton Lake, will be purchasing WVXH-FM 92.1 Harrison for $200,000. The second deal will see WVXM-FM 97.7 Manistee move to Synergy Media, owner of Classic Rock WWKR-FM 94.1 Pentwater, for $380,000. Both transactions are subject to FCC approvals and closing and both stations will be converted to commercial status. Cincinnati takes away a total of $991,000 from the sales of its three Michigan stations (WVXH, WVXM, and WVXA-FM 96.7 Rogers City).

 

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About this Entry

This page contains a single entry by Mike Austerman published on March 1, 2006 6:10 PM.

Metro Detroit: Newsmakers Feb 25 - 27 was the previous entry in this blog.

Metro Detroit: Newsmakers Feb 28 - Mar 3 is the next entry in this blog.

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