ZGS Spins Tampa AM

By on May, 19 2016 with Comments 0

SoldWAMA Inc. has an agreement to sell a Florida AM asset.

WAMA is licensed to Tampa.

Q Broadcasting Corp. is the buyer. George and Esperanza Arroyo have 76% and 24% of the equity respectively.

WAMA parent ZGS Communications Inc. has an attributable ownership interest in 14 other stations and an FM translator.

The price is $550,000. The buyer was to make a $27,500 deposit to be placed in escrow and pay the remaining $522,500 at closing by wire transfer.

The Arroyo’s are also the licensees of Florida AMs WONQ(AM), Oviedo and WRMQ(AM), Altamonte Springs.

George Arroyo, as an individual, is the license of WPSP(AM), Royal Palm Beach, Florida.

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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