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Friday, May 6, 2011

Locals Awarded Atlantic Broadcasting's 5 Stations

George Miller
A U.S. Bankruptcy Court judge gave her approval Thursday afternoon for Longport Media LLC, owned by an Atlantic City attorney and businessman, to buy the five radio stations owned by Atlantic Broadcasting for a price of $4.2 million, according to a story by Elaine Rose at pressofatlanticcity.com.

George Miller, principal of Longport Media, said after the hour-long hearing that he is the sole owner of the company, but is considering selling shares to other investors. He said he bought the stations to keep them under local control.

"A lot of people involved in the stations are local icons of the community, and I wanted to keep the local flavor," Miller said.

Longport Media will take over operation of the five radio stations on May 13, and the deal will close in about a month, pending approval by the Federal Communications Commission.

Art Camiolo, a long-time manager and consultant in southern New Jersey radio stations, will be involved in the day-to-day operation of the stations.

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Tom'zTake:  The stations involved are:  WOND-AM 1400, Spanish station WBSS-AM 1490, classic hits station WTKU-FM 98.3, Top 40 station WTAA-FM 102.7 and classic rock station WMGM-FM 103.7.

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