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Mega Media Group, Inc., Signs a Multi-Year Lease for WDCN to Broadcast Pulse87 in the Washington, D.C. Market
Monday April 13, 2009, 1:05 pm EDT
Buzz up! Print Related:Mega Media Group, Inc.
NEW YORK, NY--(MARKET WIRE)--Apr 13, 2009 -- Mega Media Group, Inc. (OTC BB:MMDA.OB - News) (www.megamediagroup.com) announced that it has signed a multi-year air lease agreement for the WDCN-LP 87.7 frequency with Signal Above, LLC. Under the terms of the agreement, revenue will be shared between the parties with certain minimum lease fees paid by Mega Media Group, Inc. Pulse87 will start broadcasting on WDCN during the 2nd quarter of 2009 to the Washington, D.C. market.
Commenting on the announcement, Alex Shvarts, CEO, stated, "This is another milestone for the growth and expansion of our Pulse87 brand. Washington, D.C. is the #9 radio market with annual billings in 2008 of $310 million. The diversity of the Washington, D.C. Market will work well for our unique lifestyle music format. We will continue to implement our business plan expansion by signing these revenue sharing agreements. These agreements allow us to enter markets without the upfront capital burden of purchasing frequencies. This strategy allows us to operate at a much lower cost of entry and achieve quicker returns to our bottom line. We continue in talks with other markets for similar opportunities."
Monday April 13, 2009, 1:05 pm EDT
Buzz up! Print Related:Mega Media Group, Inc.
NEW YORK, NY--(MARKET WIRE)--Apr 13, 2009 -- Mega Media Group, Inc. (OTC BB:MMDA.OB - News) (www.megamediagroup.com) announced that it has signed a multi-year air lease agreement for the WDCN-LP 87.7 frequency with Signal Above, LLC. Under the terms of the agreement, revenue will be shared between the parties with certain minimum lease fees paid by Mega Media Group, Inc. Pulse87 will start broadcasting on WDCN during the 2nd quarter of 2009 to the Washington, D.C. market.
Commenting on the announcement, Alex Shvarts, CEO, stated, "This is another milestone for the growth and expansion of our Pulse87 brand. Washington, D.C. is the #9 radio market with annual billings in 2008 of $310 million. The diversity of the Washington, D.C. Market will work well for our unique lifestyle music format. We will continue to implement our business plan expansion by signing these revenue sharing agreements. These agreements allow us to enter markets without the upfront capital burden of purchasing frequencies. This strategy allows us to operate at a much lower cost of entry and achieve quicker returns to our bottom line. We continue in talks with other markets for similar opportunities."