FOR IMMEDIATE RELEASE
October 23, 2002
Convergent Broadcasting, LLC has agreed to purchase the assets of radio station WVOD-FM, Manteo, NC, serving the Elizabeth City/Nags Head, NC, market from Orbit Communications, LLC, for $1.0 million.*
The acquisition of WVOD-FM brings Convergent_s holdings in North Carolina_s Outer Banks area to three FM facilities. The company in September announced its intent to purchase WYND-FM in Nags Head and WNHW-FM in Hatteras.
_WVOD-FM is a great facility and a wonderful acquisition for Convergent,_ said Bruce Biette, President and CEO of Convergent Broadcasting. _We are very excited about the presence this platform of stations gives on the Outer Banks._
George R. Reed and Eddie Esserman represented Orbit Communications, LLC, headed by Jennifer Frost, in this transaction.
*Pending FCC Approval