Home Login RADIO ONLINE RSS Facebook
Advertisement

Seven Mountains Media Closes Twin Tiers Three Way Deal


Seven Mountains Media LLC has closed on its $1.8 million deal to purchase WMXO-FM, WQRS-FM, WGGO-AM and WOEN-AM in Olean NY, WKPQ-FM in Hornell NY and WGMM-FM, WENY-AM, WENI-AM & FM in Corning-Elmira, NY, from Sound Communications LLC. Simultaneously, Seven Mountains spun-off five stations to Family Life Ministries, including WENY-FM, WZKZ-FM and WPHD-FM in Montour Falls NY, WMTT-FM in Horseheads NY and WUDE-FM in Portville NY. Family Life paid some consideration and trades WCIG-FM in Dallas, PA back to Seven Mountains.

Seven Mountains is led by Kristen Cantrell, Family Life is headed by Rick Snavely and the seller Sound Communications was represented by Paige Christian. Michael J. Bergner of Bergner & Co. was the broker in this transaction.

Advertisement

Latest Radio Stories

NAB Urges FCC to Modernize Local Ownership Rules
National Association of Broadcasters (NAB)
National Association of Broadcasters (NAB)
The National Association of Broadcasters (NAB) has filed comments with the Federal Communications Commission (FCC) in the agency's 2022 Quadrennial Review, calling for the elimination or relaxation of long-standing local broadcast ownership limits, with particular emphasis on radio deregulation. In its More

Civic Media to Acquire WNOV 860, Milwaukee Courier
Civic Media
Civic Media
Civic Media has agreed to acquire heritage Urban News/Talk WNOV (860/106.5) in Milwaukee along with the weekly Milwaukee Courier newspaper, assuming responsibility for station programming and newspaper publication on January 1. As part of the transition, current WNOV owner Mary More

Dan Bongino to Exit FBI, Signals Return to Radio
Dan Bongino
Dan Bongino
Dan Bongino, previously one of the most prominent conservative spoken-word voices in U.S. media, has confirmed he will leave his role at the Federal Bureau of Investigation in January, a move that points to a potential return to national radio. Bongino announced his departure Tuesday on social media More
Advertisement

MIW Sets Management 101 Leadership Webinar Jan. 15
Mentoring and Inspiring Women in Radio (MIW)
Mentoring and Inspiring Women in Radio (MIW)
Mentoring and Inspiring Women in Radio (MIW) has announced an upcoming professional development webinar, Management 101: Becoming an Impactful Leader, scheduled for January 15 at 2pm ET. The one-hour interactive session will bring together senior executives from across the audio and media industry to More

Study: 76% Buy After Podcast Host Recommendations
Audacy Insights
Audacy Insights
A new study from Audacy Insights highlights the measurable impact audio creators have on consumer purchasing behavior, particularly in podcasting and radio. According to Audacy's Audio Creator Impact Study, 76% of podcast listeners say they have purchased a product or service after hearing a recommendation More

Saga Communications Repurchases 184,215 Shares
Saga Communications
Saga Communications
Saga Communications has completed a privately negotiated stock repurchase, buying back 184,215 shares of its common stock for approximately $2.1 million, or $11.50 per share. The repurchased shares represent about 2.8% of Saga's outstanding common stock, based on 6,556,621 shares More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement