FOR IMMEDIATE RELEASE
MAIN LINE BROADCASTING ANNOUNCES THE ACQUISITION OF RADIO ONE’S RADIO STATIONS IN LOUISVILLE , KY AND DAYTON , OH
PHILADELPHIA, PA, May 17, 2007 - Main Line Broadcasting, headed by President/CEO Dan Savadove , has agreed to purchase 10 radio stations in Louisville , KY and Dayton , OH from Radio One Inc. The stations include WGZB-FM/B96 (Urban), WDJX-FM/ 99.7 DJX (CHR), WMJM-FM/Magic 101.3 (Urban AC), WXMA-FM/102.3 The Max (Hot AC), and WLRS-FM/New Rock 105.1 (New Rock) in Louisville and WROU-FM/92.1 WROU (Urban AC), WGTZ-FM/Z-93(CHR), WKSW-FM/Kiss Country 101.7 (Country), WDHT-FM/Hot 102.9 (Urban), and WING-AM/ESPN Radio 1410 (Sports) in Dayton.
Main Line Broadcasting’s Savadove said “This acquisition represents a significant step in Main Line Broadcasting’s aggressive expansion plans in attractive medium sized markets. These stations perfectly match our target acquisition profile in terms of market size, location and quality of assets. We look forward to working with the dedicated employees in these markets who have worked so hard in building their stations to market leading positions.”
Main Line Broadcasting is a recently formed Philadelphia , PA based group radio broadcasting company. After the completion of this acquisition, Main Line Broadcasting will own and operate 19 stations in 4 markets, including Richmond, VA (Arbitron ranked #55), Louisville, KY (Arbitron #54), Dayton, OH (Arbitron ranked #59) and Hagerstown, MD/Chambersburg, PA (Arbitron ranked #163). Main Line Broadcasting is backed by Arlington Capital Partners, a Washington , DC based private equity fund.
In August, 2005, Main Line Broadcasting closed on its first acquisition of 5 radio stations in the Hagerstown , MD / Chambersburg , PA market from Dame Broadcasting. In December, 2005, Main Line Broadcasting closed its second acquisition of 4 radio stations in Richmond , VA from Main Quad Broadcasting. Main Line Broadcasting will continue to aggressively seek acquisitions in attractive medium size markets.
SOURCE: Main Line Broadcasting
MAIN LINE BROADCASTING ANNOUNCES THE ACQUISITION OF RADIO ONE’S RADIO STATIONS IN LOUISVILLE , KY AND DAYTON , OH
PHILADELPHIA, PA, May 17, 2007 - Main Line Broadcasting, headed by President/CEO Dan Savadove , has agreed to purchase 10 radio stations in Louisville , KY and Dayton , OH from Radio One Inc. The stations include WGZB-FM/B96 (Urban), WDJX-FM/ 99.7 DJX (CHR), WMJM-FM/Magic 101.3 (Urban AC), WXMA-FM/102.3 The Max (Hot AC), and WLRS-FM/New Rock 105.1 (New Rock) in Louisville and WROU-FM/92.1 WROU (Urban AC), WGTZ-FM/Z-93(CHR), WKSW-FM/Kiss Country 101.7 (Country), WDHT-FM/Hot 102.9 (Urban), and WING-AM/ESPN Radio 1410 (Sports) in Dayton.
Main Line Broadcasting’s Savadove said “This acquisition represents a significant step in Main Line Broadcasting’s aggressive expansion plans in attractive medium sized markets. These stations perfectly match our target acquisition profile in terms of market size, location and quality of assets. We look forward to working with the dedicated employees in these markets who have worked so hard in building their stations to market leading positions.”
Main Line Broadcasting is a recently formed Philadelphia , PA based group radio broadcasting company. After the completion of this acquisition, Main Line Broadcasting will own and operate 19 stations in 4 markets, including Richmond, VA (Arbitron ranked #55), Louisville, KY (Arbitron #54), Dayton, OH (Arbitron ranked #59) and Hagerstown, MD/Chambersburg, PA (Arbitron ranked #163). Main Line Broadcasting is backed by Arlington Capital Partners, a Washington , DC based private equity fund.
In August, 2005, Main Line Broadcasting closed on its first acquisition of 5 radio stations in the Hagerstown , MD / Chambersburg , PA market from Dame Broadcasting. In December, 2005, Main Line Broadcasting closed its second acquisition of 4 radio stations in Richmond , VA from Main Quad Broadcasting. Main Line Broadcasting will continue to aggressively seek acquisitions in attractive medium size markets.
SOURCE: Main Line Broadcasting
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