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WBOC Finalizes $11 Million Deal for Forever Media Stations


Draper Media
Draper Media

WBOC Inc., controlled by Draper Holdings, has completed its $11 million cash purchase of five Forever Media radio stations serving Delaware and Maryland. The acquisition includes WDEL-AM & FM and WSTW-FM in Wilmington, WXCY-FM in Havre De Grace, and WCEI-FM and WINX-FM in Easton. The transaction expands Draper Media's reach across the Delmarva Peninsula.

"Each of these stations has a long history of serving its community, and we're excited to continue that tradition," said Molly Draper Russell, CEO of Draper Holdings Business Trust.

Forever Media, led by Lynn Deppen, said it was proud of the stations' legacies and expressed confidence in their new ownership.

Michael J. Bergner of Bergner & Co. served as the exclusive broker for the deal.

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