Friday, January 23, 2015

VA Radio: Alpha Media To Acquire Four Stations

Free Lance-Star Publishing LLC announced Friday that it is selling its four radio stations to Alpha Media of Portland, Ore.

Alpha has agreed to purchase Country WFLS 93.3 FM, Talk WNTX 1350 AM, Top40 WVBX 99.3FM and Classic Rock WWUZ 969 FM, pending approval from the Federal Communications Commission.

Terms of the deal were not disclosed.

Sandton Partners, which purchased The Free Lance-Star in a bankruptcy auction in June, announced late last year that it would sell the Fredericksburg-area stations after being directed by the FCC to divest itself of either the newspaper or its Star Radio Group holdings.

“We are proud to have been owners of the Free Lance-Star radio properties,” said Robert Orr, managing director for the company. “The transaction with Alpha Media gives us great comfort in knowing that the stations will be in very capable hands, and that listeners in the Fredericksburg area will continue to benefit from the excellent entertainment and news programming that they have come to expect from us.”

Free Lance–Star and Star Radio Group Chief Executive Officer Gene Carr said Alpha will continue to operate with existing staff.  LMA plans have not been announced.

When completed, the deal will give Alpha a total of 93 radio stations across the country.

"Fredericksburg is a thriving place that continues to grow. It will be a nice addition to our East Coast footprint,” said Alpha Media Chairman Larry Wilson. “I feel privileged to be able to get into that market and work with the great people there.”

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