I'm enjoying this thread...thought I'd contribute a few more...
WGNI, Wlimington Good News Incorporated (a former owner)
WGH, Newport News World's Greatest Harbor
WMAL, Washington M.A. Leese (former owner)
WTOP, Washington Top of the dial (was at 1500 AM)
WFJA, Sanford Frank J. Abbott (former owner)
WYRN, Louisburg We're Your Radio Neighbor
WPYB, Benson We promote Your Business
WBTM, Danville World's Best Tobacco Market or World's Biggest Textile Mill (former Dan River Fabrics)
WCCE, Buies Creek We're Campbell for Christian Education (former owner Campbell University)
WHLF, South Boston Halifax, County, Virginia
WRJD, Durham Rejoice Durham (station's handle and city of license)
WETC, Wendell-Zebulon We Entertain TObacco Country
WVOV, Danville Voice of Victory
WJCV, Jasksonville Jacksonville's Christian Voice
WVOD, Manteo Voices of Dare
WOBR, Wanchese Outer Banks Radio
defunct calls/stations
WJLC, Clarksville and South Boston J.L. Cole, former owner
WMBL, Morehead City WHere Morehead and Beaufort Listen
WHHT, Durham H.H. Toms, owner and founder
WHEV, Garner Henry E. Vail, former owner
WNOH, Raleigh N.O. Harris , former owner/founder
WYYD, Raleigh "Wide" reference to stereo audio of easy listening station