Detroit AM sale closes
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.