FOR IMMEDIATE RELEASE
June 3, 2011
Mississippi Broadcasters, LLC (Clay Holladay, President) has agreed to purchase the assets of the following Meridian, Mississippi radio stations from Clear Channel Radio*:
WMSO-FM, licensed to Meridian
WZKS-FM, licensed to Union
WYHL-AM, licensed to Meridian
WJDQ-FM, licensed to Marion
WHTU-FM, licensed to Newton
The stations are currently programmed by URBan Radio under a Time Brokerage Agreement.
Concurrent with the acquisition, New South Communications, Inc. has agreed to purchase the assets of WJDQ-FM and WHTU-FM and Educational Media Foundation has agreed to purchase the assets of WMLV-FM from Mississippi Broadcasters, LLC. Mississippi Broadcasters, LLC will donate WKZB-FM to the Meridian Community College Foundation.
Closing on all such sales is subject to FCC consent and standard closing conditions.
George R. Reed of our Jacksonville, Florida office represented Clear Channel/URBan Radio in this transaction.
* Pending FCC Approval