Atlantic Broadcasting Radio Stations On The Block

A media brokerage firm was hired Thursday to sell the five radio stations owned by Atlantic Broadcasting after the company filed for bankruptcy last month, the company said. The move was approved Thursday by the U.S. Bankruptcy Court in Camden, according to a story by Elaine Rose at atlanticcity.com.

Media Services Group, with 10 locations around the country and specializing in the sale of radio and television stations, said it will put the stations on the market immediately.

"I'm expecting a lot of interest in the stations. They're good stations," said managing director George Reed of the Jacksonville, Fla., office, who will broker the deal along with R. Thomas McKinley of the New York office. "It's a very desirable market."

The company will talk to interested buyers of the five radio stations and determine who is most interested in operating them and is willing to pay the most for it, Reed said.

There are five radio stations in the group: WTKU-FM 98.3, playing classic hits, classic rock station WMGM-FM 103.7, Spanish station WBSS-AM 1490, News-talk station WOND-Am 1400 and Top 40 station WWAC-FM 102.7.

All the stations, with the exception of WWAC, were formerly owned by Howard Green, who died in 2002.

Access.1 bought the stations after Green's death, and sold them to Atlantic Broadcasting, which was formed in May 2008.

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