Done deal in New York

By on Aug, 28 2014 with Comments 0

SoldStarboard Media Foundation has closed on its deal to acquire WNSW-AM New York from Multicultural Broadcasting, transitioning yet another AM station to the non-profit side of the broadcast divide.

Bergner & Co. broker Michael J. Bergner handled arrangements for the transaction.

The price: $10.1M.

Starboard, which has its own fleet of O&Os and an additional set of affiliates for its Catholic-oriented religious fare, has acquired decent access to the Big Apple. It beams in from Newark NJ from a Class B 1310 kHz dial position, with 10 kW-D, 7 kW-N, DA2.

Bergner told RBR that it continues the trend of AM stations going to niche operators. He noted that large commercial groups are showing little interest in broadcasting’s senior medium.

 

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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