Jarad sells Hampton Bays FM

By on Feb, 28 2011 with Comments 0

Richard Anderson likes WLIR-FM Hampton Bays NY enough to buy it twice. The Class A FM is on the eastern side of Long Island, out of range of the Nassau-Suffolk and New York City media markets.

The seller is Jarad Broadcasting Company of Hampton Bays LLC, headed by Ron Morey.

A deal for the station was originally struck by Holding Out Hope Church d/b/a WLIX Radio, which called itself a non-profit entity. That deal was memorialized on a contract dated 2/9/11, and called for a $650K cash price tag.

A little over a week later, Anderson went in on an assignment and assumption deal, in which WLIX agreed to turn over the right to buy the station to Livingstone Broadcasting Inc., a commercial operation which also featured Anderson as a principal, along with Vincent Trapani. $10.00 is changing hands to seal the second deal.

The Class A operates on 107.1 MHz with 4.1 kHz off a 397’ HAAT stick.

Filed Under Radio Deals

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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