Thursday, May 8, 2014

Fort Wayne Radio: Adams Group To Close On Seven Stations

Adams Radio Group plans to close June 2 on its purchase of seven Fort Wayne radio stations, Ron Stone, company president and CEO tells news-sentinel.com.

Any programming changes will take place quickly at some stations and later at others, said Stone, who said he couldn't disclose the plans now. He urged listeners to stay tuned to the radio stations beginning June 2 for information about any changes.

The Federal Communications Commission (FCC) granted approval April 16 for Adams Radio to buy Summit City Radio's stations for $2.9 million and Oasis Radio's stations for $3.5 million. The Lakeville, Minn., company announced the purchases Feb. 27, pending FCC approval.

After June 2, Adams Radio will own: Country WBTU, U.S. 93.3-FM, Top40 WJFX, Hot 107.9-FM, oldies music WGL 1250-AM, WXKE, Rock 104 103.9-FM and hip-hop WNHT, Wild 96.3-FM.

Ron Stone
The deals also include 1990s pop music WHPP 106.3-FM and oldies WGL 102.9-FM. However, FCC rules limit one company to owning a maximum of seven radio signals in the same market. No more than four of those stations can be either AM or FM.

So Adams Radio will trade WHPP to local Catholic radio station Redeemer Radio in return for that station's signal, WLYV, 1450-AM. Adams Radio also will give WGL, 102.9-FM, to Calvary Radio Network of Valparaiso in return for Calvary's Fort Wayne translator signal at 103.3-FM.

Adams Radio is also completing the purchase of four stations owned by Radio One Communications of Valparaiso.

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