Since summer 2017, WLPW-FM 105.5 — the Lake Placid, N.Y. Class A that had been “Rock 105” — has been silent.
WLPW is one of the stations crippled by financial difficulties associated with Ted Morgan, and his now-defunct Radio Lake Placid.
As part of Morgan’s asset liquidation plan, seen in November 2017, he gave another local entity the right of first refusal to acquire WLPW. That happened, and now this company has closed on its acquisition of the station it eagerly seeks to breathe new life into.
The sale of WLPW came on January 9, with Radio Lake Placid selling the dormant facility to North Country Radio — the Lake Placid-based entity co-owned by Jonathan Becker and Gregory Gallacher — for $32,500.
That is slightly more than the $25,000 originally believed to be NCR’s agreed-upon payment for WLPW.
Serving as the exclusive broker in this transaction, representing Morgan, is Jason James of Patrick Communications.
This gives North Country Radio a combo, as it already owns Class C3 WSLP-FM 93.3 in Saranac Lake.
WLPW has been dark since June 16, 2017, “pending the proposed modification of its facilities.” WLPW must resume broadcasts by 12:01am on June 17, 2018.
WLPW is authorized for 3kw at 2,067 feet above sea level, and has been silent under a STA.
