RadioBusinessReport:"Who’s the buyer?
It’s
L&J Media LLC, which is agreeing to purchase WMEX and unbuilt FM translator W266DQ in Waymouth (sic), Mass., from
Marshfield Broadcasting.The transaction is valued at $390,000, and a $50,000 check is due upon closing. Then, 34 equal payments of $10,000 will commence.Marshfield is led by
Ed Perry Jr., while the buyer is a 50/50 partnership between
Anthony LaGreca and
Larry Justice."
For a generation of Boston radio listeners, the call letters are very familiar. Today, WMEX is associated with a Class D AM at 1510 kHz licensed to Quincy, Mass. Now, this incarnation of WMEX is about to be sold. Who's the buyer?
www.rbr.com