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This is NOT a rumor!

T

Talknet

Guest
According to the Salem website they have sold several stations. Salem is a publically traded company and their stock has been droping like a rock. Could this mean the two Salem stations in Orlando and the three in Tampa are on the block as well? Didn't they sell stations in Miami and Jacksonville last year or this year?
 
From their website"

The following transactions are currently pending:

-- KKSN (910 AM) in Portland, Oregon will be acquired for
approximately $4.5 million (Salem began operating this station
under a local marketing agreement on February 1, 2007 with the
call letters KTRO);

-- WAMD (970 AM) in Baltimore, Maryland will be acquired for
approximately $3.0 million;

-- WHKZ (1440 AM) in Warren, Ohio will be sold for approximately
$0.6 million;

-- WFZH (105.3 FM) in Milwaukee, Wisconsin, will be sold for
approximately $8.1 million (the buyer began operating this
station under a local marketing agreement on February 15,
2008); and

-- KKMO (1360 AM) in Seattle, Washington will be sold for
approximately $3.7 million.
 
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