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Monday, September 24, 2012

Greater Media Sale To End Philly Sports Simulcast


Family Stations, Inc. Friday announced that it has reached an agreement to purchase Greater Media Philadelphia’s station WPEN-AM, licensed to Philadelphia, PA. WPEN-AM is a Class B station that transmits on 950 kHz with daytime power of 43,000 watts and nighttime power of 21,000 watts.


Greater Media will retain the WPEN call letters for its FM Sports station, 97.5 The Fanatic. The transaction is subject to customary conditions, including regulatory and other approvals, and WPEN-AM will continue to air its current line-up of sports programming while the closing is pending.

Media Venture Partners, LLC represented Family Stations in the transaction. Rumored price $8.5M.

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