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LAI Takes Control of Mapleton Communications


Lazard Alternative Investments, which partnered with Mapleton Communications in July, 2006, to finance new acquisitions, has reportedly taken control of the radio group. The lender plans to keep CEO Adam Nathanson and most of the management in place.

Lazard Alternative previously helped the broadcaster expand its West coast-based group by financing the purchase of ten stations in Chico and Redding, CA, from Regent Communications for $17.5 million.

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Latest Radio Stories

Cumulus Cuts Staff in Multi-Market Layoff Round
Cumulus Media
Cumulus Media
Cumulus Media has enacted a new round of layoffs affecting air talent, programmers and management across multiple markets as the company continues its financial restructuring. The company has not disclosed how many employees were impacted, but departures confirmed through media reports span stations in More

Magnum to Acquire Sparta-Tomah Radio Outlets
Magnum Media
Magnum Media
Magnum Communications has reached an agreement to acquire four western Wisconsin radio outlets from Sparta-Tomah Broadcasting Co., with an application for the sale to be filed with the FCC. The transaction includes Country WCOW-FM (97.1), News/Talk WKLJ-AM (1290), translator More

97 Rock Adds Peck, Sylvester to Bills Coverage
Paul Peck and Kevin Sylvester
Paul Peck and Kevin Sylvester
As Buffalo Bills football returns to WGRF-FM (97 Rock), the station is expanding its game day coverage with the addition of veteran Buffalo sportscasters Paul Peck and Kevin Sylvester. The pair will host the first two hours of the station's pregame coverage, beginning four hours before kickoff each week. More
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WWNN Launches Weekend Business Reports
Worldwide News Network (WWNN)
Worldwide News Network (WWNN)
Worldwide News Network (WWNN) has expanded its programming lineup with the launch of WWNN Weekend Business Reports, a new weekend feature focused on business, financial markets and the economy. The reports debuted Saturday, August 1, on Hubbard's WTOP in Washington, DC, becoming the first affiliate to carry More

Family Life to Acquire WOGI-FM for $1 Million
Family Life Radio
Family Life Radio
Family Life has reached an agreement to acquire Country WOGI-FM (104.3) in Moon Township, PA, and Pittsburgh translator W288BO (105.5) from Forever Media for $1 million. WOGI-FM operates with 13,000 watts and serves the greater Pittsburgh area. The acquisition will add the station More

Shalom South Florida Marks 40 Years on the Air
Roni
Roni
Shalom South Florida, one of the nation's longest-running Jewish radio programs, will celebrate its 40th anniversary with special broadcasts on Sunday, August 9 and August 16. Hosted by Roni since its debut in August 1986, the weekly program airs Sundays from 9:30-11am and features More

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