Bids are in, and it looks like Cross Country Communications holds the high bid at $691,000 for the new FM in Celoron, NY. Cross Country also owns Hot AC Kiss (WKZA 106.9) in Jamestown, and a translator for Fredonia-based WBKX-FM (96-Kix country), which operates on 100.3 Jamestown.
Rick Rambaldo is getting back into the game in Erie, backed by a local car dealer. Class A 92.7 is going to Rick Rambaldo’s First Channel Communications. The gross bid of $2,068,000 (net bid after their 35% bidding credit) of $1,334,000, beat out Connoisseur. To quote Tom Taylor:
In the early 1990s, Rick Rambaldo put “Rocket 101” WRKT (101.9) on the air, then added a second FM (the former K104, now “Star 104” WRTS) and rolled in a couple of AMs (WJET at 1400 and WFNN at 1330). Later he and Carl Hirsch laid the foundations of NextMedia, which enlarged and then sold its Erie cluster to Connoisseur in 2006.