Station Sales Week Of 2/21
Looks like our local LPFM in Swedesboro was sold to Loud Media for $250K.
I honestly don't know much about the financials of the station to tell if that's a good sale price, but will be curious to see if the current format remains intact or they shift it to something like rock or alt. Their portfolio seems to lean that way, which could be interesting.
Looks like our local LPFM in Swedesboro was sold to Loud Media for $250K.
Aaron Ishmael’s Loud Media NJ will purchase AC “Pop-FM 99.9” 1240 WSNJ Bridgeton, 99.9 W260BW Swedesboro, and 105.7 W289CY Millville NJ from the Kenneth Pustizzi led SNJ Today LLC for $225,000. An immediate Time Brokerage Agreement was part of the deal. Ishmael is a partner in Loud Media that owns stations in Knoxville TN and upstate New York and Mid-Century Radio that owns stations in Fort Collins CO and Rapid City SD.
I honestly don't know much about the financials of the station to tell if that's a good sale price, but will be curious to see if the current format remains intact or they shift it to something like rock or alt. Their portfolio seems to lean that way, which could be interesting.