According to starpress.com, Chapman and three partners have agreed to buy the six stations from Barry Drake's Backyard Broadcasting of Jacksonville, Fla.
The stations include WLBC in
basketball and football games. Ball
Other stations are WERK and WXFN, also in
WHBU in Anderson; WMXQ in Hartford
City; and WMQX in Alexandria. Four are FM stations and two are
on the AM dial.
The stations employ about 31 people, said Chapman, 51, a former radio executive with Indianapolis-based media company Emmis Communications Corp. who now works at Maverick Media of Rockford, Ill.
Chapman said he will leave his job with Maverick to become the operating partner for the newly formed Woof Boom Radio. The new company will operate the six stations starting June 1 and establish its offices in
Muncie, Chapman said.
“There are no designs on changing anything. Our biggest mission is making sure we are doing great local broadcasting,” he said. “Over time we will be looking at a lot of things.”
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, Backyard Broadcasting has
agreed to sell its cluster of stations to Bruce Mittman’s Community Broadcasters LLC,
backed by Northwood Ventures LLC. Elmira,
The selling price is reported to be $3.6M and is subject to FCC approval. The stations involved are WNKI, WNGZ, WPGI, WRCE and WWLZ in Elmira/Corning, NY and WHDL and WPIG in
Mittman and his partners are also considering making a big for The Boston Globe which the NYTimes Co. is trying to sell.
The Globe and its sister paper in
Worcester, the Telegram & Gazette, could
fetch as much as $100 million or more.
Commenting on the
buys, Mittman says “What we like about the upstate ( New York) is that these are self-contained
markets,” Mittman says. “They don’t have nearly as many media options so radio
becomes an even more important player in those communities.”
When the deals close Backyard will be left with six stations in Williamsport, PA. So one must wonder, if they too are on-the-block.