Wednesday, March 5, 2014

Fort Wayne Radio: Group Swaps FM For AM

WHPP 106.3 FM (5.6Kw) 60dBu Coverage
In a surprising and unique development for the local radio community, Redeemer Radio, a 501(c)(3) non-profit organization, will receive the gift of an FM radio station in exchange for its AM station. The exchange comes about thanks to the recently announced purchase by Adams Radio Group LLC of two commercial radio groups in Fort Wayne.

To comply with FCC ownership rules, the Adams Group will exchange WHPP 106.3 FM for WLYV 1450 AM on which Redeemer Radio currently broadcasts. Notably, no cash will be exchanged in the transaction between Adams and Redeemer Radio.

Dave Stevens, Executive Director of Redeemer Radio said “This is an incredible opportunity for Redeemer Radio made possible by Adams swapping 106.3 WHPP-FM for AM 1450 WLYV. Because of their generosity, Redeemer Radio will grow even further as we reach thousands of new listeners on the FM dial 24-hours a day."

In the transaction, Adams Radio Group is acquiring FM stations WJFX, WBTU, WXKE and WNHT, and AM stations WLYV and WGL. Calvary Church acquires WGL-FM in an exchange for an FM Translator to Adams as Redeemer receives WHPP-FM for WLYV–AM.

The deal is expected to close in approximately 90 days pending FCC approval.

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