Pine Tree Flips In Maine; ‘Wee Gee’ Gains In Twin Cities

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Here’s another great example of how radio station owners, like homeowners, can flip a property for a nice sum.


In January, Maine-based Pine Tree Broadcasting acquired a pair of Class C AMs and a translator for $90,000.

Now, Pine Tree is selling the duo, along with a third AM in the market, for nearly double that amount.

The buyer happens to be a newly restructured Northern New England broadcaster that just took control of an AM-FM combo.

In other TRANSACTIONS TODAY: The Twin Cities’ “Wee Gee” swaps a translator with a godly operator.

 


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Adam R Jacobson is a veteran radio industry journalist and advertising industry analyst with general, multicultural and Hispanic market expertise. From 1996 to 2006 he served as an editor at Radio & Records.