Another day, another deal: more evidence of a pickup

On the heels of a couple of closings this week, today we announced another radio deal:

Mississippi Broadcasters, LLC (Clay Holladay, President) has agreed to purchase the assets of the following Meridian, Mississippi radio stations from Clear Channel Radio*:

WMSO-FM, licensed to Meridian
WZKS-FM, licensed to Union
WYHL-AM, licensed to Meridian
WJDQ-FM, licensed to Marion
WHTU-FM, licensed to Newton

The stations are currently programmed by URBan Radio under a Time Brokerage Agreement.

Concurrent with the acquisition, New South Communications, Inc. has agreed to purchase the assets of WJDQ-FM and WHTU-FM and Educational Media Foundation has agreed to purchase the assets of WMLV-FM from Mississippi Broadcasters, LLC. Mississippi Broadcasters, LLC will donate WKZB-FM to the Meridian Community College Foundation.

Closing on all such sales is subject to FCC consent and standard closing conditions.

I represented Clear Channel/URBan Radio in this transaction. Congratulations and thanks to Clear Channel, URBan Radio, and Clay Holladay. May the thaw continue!

George
Media Services Group

2 FMs sold in Alexandria, LA

As reported today in the "trades," Kevin Wagner's URBan Radio (d/b/a Trinity Broadcasting and FM Broadcasting) has sold its two FM stations in the Alexandria, LA market. “B102 Jamz” KBCE programs urban and is a Class C3 licensed to Boyce. Urban AC “Mix 93” KMXH is an A licensed to Alexandria. The buyer of both stations is JWBP Broadcasting, which is 65% Jerry Williams and 35% a family group known as Beaird Properties.

I represented the seller and Jerry Proctor represented the buyer. Congratulations to all parties involved!

George
Media Services Group