NextMedia sells WDDW (104.7) to Bustos Media

[FightingIrish]

Only a few weeks after flipping it to Spanish, NextMedia is selling it to the company that is supplying their programming.

----------------------------------

Bustos is paying $10.2 million cash for NextMedia's WDDW/Milwaukee in a deal that's expected to close either late in Q4 or early in Q1 2006.

Bustos President/CEO Amador Bustos says, "Milwaukee is one of the fastest-growing U.S. Hispanic markets, and we are proud to acquire the first Spanish-language radio station serving the market."

NextMedia President President/CEO Steven Dinetz adds, "We continue to review all avenues for strengthening our core radio station clusters while taking advantage of opportunities to monetize our non-strategic assets. The proceeds of this transaction will be used to strengthen our balance sheet."

http://www.radioandrecords.com/Newsroom/2005_10_13/nextmediadeals.asp<P ID="signature">______________
The Liberal Talk Radio Update</P>

 

[JeremyAndrews]

> Only a few weeks after flipping it to Spanish, NextMedia is
> selling it to the company that is supplying their
> programming.
>
> ----------------------------------
>
> Bustos is paying $10.2 million cash for NextMedia's
> WDDW/Milwaukee in a deal that's expected to close either
> late in Q4 or early in Q1 2006.
>
> Bustos President/CEO Amador Bustos says, "Milwaukee is one
> of the fastest-growing U.S. Hispanic markets, and we are
> proud to acquire the first Spanish-language radio station
> serving the market."
>
> NextMedia President President/CEO Steven Dinetz adds, "We
> continue to review all avenues for strengthening our core
> radio station clusters while taking advantage of
> opportunities to monetize our non-strategic assets. The
> proceeds of this transaction will be used to strengthen our
> balance sheet."
>
http://ww> w.radioandrecords.com/Newsroom/2005_10_13/nextmediadeals.asp
>

Guess thats for the best.

1. NextMedia isn't really much of a spanish broadcaster and Bustos ownes the programming anyway.
<P ID="signature">______________

AIM: JeremyA1069</P>

 

[T2908]

> > Only a few weeks after flipping it to Spanish, NextMedia
> is
> > selling it to the company that is supplying their
> > programming.
> >
> > ----------------------------------
> >
> > Bustos is paying $10.2 million cash for NextMedia's
> > WDDW/Milwaukee in a deal that's expected to close either
> > late in Q4 or early in Q1 2006.
> >
> > Bustos President/CEO Amador Bustos says, "Milwaukee is one
>
> > of the fastest-growing U.S. Hispanic markets, and we are
> > proud to acquire the first Spanish-language radio station
> > serving the market."
> >
> > NextMedia President President/CEO Steven Dinetz adds, "We
> > continue to review all avenues for strengthening our core
> > radio station clusters while taking advantage of
> > opportunities to monetize our non-strategic assets. The
> > proceeds of this transaction will be used to strengthen
> our
> > balance sheet."
> >
> http://ww>
> w.radioandrecords.com/Newsroom/2005_10_13/nextmediadeals.asp
>
> >
>
> Guess thats for the best.
>
> 1. NextMedia isn't really much of a spanish broadcaster and
> Bustos ownes the programming anyway.
>
There is an article in this mornings Milwaukee Journal regarding WDDW in the Metro section on page 8b.

 

[Chris_Milwaukee]

> > Only a few weeks after flipping it to Spanish, NextMedia
> is
> > selling it to the company that is supplying their
> > programming.
> >
> > ----------------------------------
> >
> > Bustos is paying $10.2 million cash for NextMedia's
> > WDDW/Milwaukee in a deal that's expected to close either
> > late in Q4 or early in Q1 2006.
> >
> > Bustos President/CEO Amador Bustos says, "Milwaukee is one
>
> > of the fastest-growing U.S. Hispanic markets, and we are
> > proud to acquire the first Spanish-language radio station
> > serving the market."
> >
> > NextMedia President President/CEO Steven Dinetz adds, "We
> > continue to review all avenues for strengthening our core
> > radio station clusters while taking advantage of
> > opportunities to monetize our non-strategic assets. The
> > proceeds of this transaction will be used to strengthen
> our
> > balance sheet."
> >
> http://ww>
> w.radioandrecords.com/Newsroom/2005_10_13/nextmediadeals.asp
>
> >
>
> Guess thats for the best.
>
> 1. NextMedia isn't really much of a spanish broadcaster and
> Bustos ownes the programming anyway.
>
I hope they leave WLIP alone. Any inside scoop if 1050 is going on the chopping block?