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Beacon Ohio Stations Sold!!

W

Whiplash

NEWS RELEASE August 16, 2010

Sale Announced Of 2 Beacon Broadcasting Radio Stations in Warren/Youngstown, Ohio

Dennis Glunt, the Executor for the estate of the late Harold Glunt has announced that the 2 Beacon Broadcasting, Inc. radio stations in Warren/Youngstown, OH have been sold to Whiplash Radio, LLC of Waynesville, OH, subject to the approval of the Federal Communications Commission.

According to Media Broker Ray H. Rosenblum of Pittsburgh, PA, WANR(AM-1570) in Warren, OH and WRTK(AM-1540) in Niles, OH have been sold for a total of $50,000, including real estate. The stations are currently simulcasting a sports talk format.

The principal owners of the buyer, Whiplash Radio, are Christopher and Kathy Lash of Waynesville, OH, where they operate WYNS (FM-89.3). During the past 32 years Mr. Lash has owned and operated radio stations in Pennsylvania, Florida and Tennessee.

Mr. Rosenblum noted that negotiations are continuing with another prospective buyer for the sale of the remaining Beacon stations in Pennsylvania. They are WGRP(AM-940) and WEXC(FM-107.1) both in Greenville, PA; and WLOA(AM-1470) in Farrell, PA. All 5 stations are in the Youngstown, OH market.

Harold Glunt, the principal owner of Beacon Broadcasting, died on January 25th. The Executor of his estate is his son, Dennis Glunt. Currently Lash is remoldeling the original WNIO facility and will move both stations in September!!
 
Considering that Dennis Glunt originally valued the stations at $400,000... and sold them for $50,000 instead... the Glunt estate was "practically giving them away!"

Even with both stations having at-or-below adequate coverage area in the Youngstown area, it's still a steal.
 
I get the idea Dennis A) doesn't know about radio, it's not his business and B) was aiming for the sky with that $400K valuation for the two stations - $1.2 million for all five.

Mr. Lash needs, if he hasn't started doing so already, to investigate moving in an FM translator to simulcast one or both stations. Surely there's a translator in the Edgewater Storehouse that he could move to Trumbull County!
 
Would love to get my hands on WGRP and WEXC. Solid AM signal and not bad on the FM either. I believe it sold about 10 years ago for $300,000 but that didn't include the tower site and studio, if I recall correctly.
 
bturner said:
Would love to get my hands on WGRP and WEXC. Solid AM signal and not bad on the FM either. I believe it sold about 10 years ago for $300,000 but that didn't include the tower site and studio, if I recall correctly.
Click to expand...

If only I could win the lotto... I would love to do a thing or two to WEXC :)
 
xmusicmatt said:
bturner said:
Would love to get my hands on WGRP and WEXC. Solid AM signal and not bad on the FM either. I believe it sold about 10 years ago for $300,000 but that didn't include the tower site and studio, if I recall correctly.
Click to expand...

If only I could win the lotto... I would love to do a thing or two to WEXC :)
Click to expand...
Such as?
 
Wish I had better photo editing skills to get those pictures of the WRTK site building up. Right now, they have nasty curse words on them from the graffiti on the building.

Chris is cleaning the place up, but even the most recent "after" picture has a giant F-word on the door.

I was out near there the other day, and 1540's signal stinks. 1570 was better even a short distance from the 1540 site!
 
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