Saga Comm. Acquires WKNE-AM/FM & WKVT-AM/FM from Tele-Media Co.
FOR IMMEDIATE RELEASE
February 19, 2002
Tele-Media Company of Vermont, LLC has agreed to sell radio stations WKNE-AM/FM, Keene, NH and WKVT-AM/FM, Brattleboro, VT to Saga Communications of New England, Inc. for $9,075,000 payable in cash at closing.*
Saga Communications of New England, Inc. is a subsidiary of Saga Communications, Inc., a publicly traded broadcasting company (AMEX: SGA). Saga owns and operates more than 60 stations throughout the U.S. with many located in New England.
Robert J. Maccini represented Saga Communications in the purchase of the stations.
* Pending FCC Approval