Detroit AM sale closes

By on Nov, 3 2014 with Comments 0

MMTC / Minority Media & Telecom CouncilThe Minority Media and Telecommunications Council has brought its sale of WDTW-AM Detroit to the finish line. The buyer, Pedro Zamora, will be giving the city its first full market Hispanic station.

It marks the third closure of the year for MMTC, joining the sale of KFXN-AM Minneapolis to Asian American Broadcasting and the sale of what is now KZZD-AM Salem OR to Hispanic entrepreneur Ed Distell.

MMTC Broadcasting and Brokerage Operations Director Suzanne Gougherty stated, “Selling WDTW 1310 is most gratifying simply because I grew up in Detroit and listened to Keener 13 in the 1960s. It’s an honor to be involved in a transaction that brings another diverse entrepreneur to an area near and dear to my heart that has seen so much economic struggle in recent years.”

MMTC has been accepting station licenses as donations and striking deals with so-called socially-disadvantaged entities to defray the deficit in minority and female broadcast license owners.

It specifically thanked iHeartMedia, Entercom and Trinity Broadcasting for their donation of stations that have been used this way.

About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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