Capitol Broadcasting Company has agreed to purchase six radio stations in Wilmington, NC plus another FM station that will be relocated to the Rocky Mount/Wilson, NC ;area.
CBC is purchasing the six Wilmington stations from NextMedia Group, Inc. for $12,000,000. The properties include:
- WKXB (FM) 99.9 www.jammin999fm.com
- WILT (FM) 104.5 www.1045willfm.com
- WAZO (FM) 107.5 www.z1075.com
- WSFM (FM) 98.3 www.surf983.com
- WLGD (FM) 98.7 www.lagrand987.com
- WMFD (AM) 630 www.am630.net
CBC President Jim Goodmon says “Wilmington is a fast growing market. Our television station — WILM Channel 10 — is doing well and we want to expand our presence there. I met with the radio staff in Wilmington this week. They are a great group that has built some outstanding radio stations.”
|NextMedia Group, Inc. is a diversified out-of-home media company headquartered in Denver, Colorado. NextMedia, through its subsidiaries and affiliates, owns and operates multiple radio stations and outdoor advertising properties in multiple markets throughout the United States.|
The sale requires FCC approval, which is expected in 90 to 120 days.
CBC has also reached agreement to buy WNCM (FM) 103.1, Garysburg, NC from Joyner Radio for $825,000. The Class A station’s city of license will be moved to Sharpsburg, NC, pending FCC approval.