Artistic Media Partners Sells Four in Indiana for $2.3M

RADIO ONLINE | Tuesday, October 25, 2016 | 5:28pm CT

Lafayette TV LLC has agreed to acquire four radio outlets in Indiana from Artistic Media Partners for $2.3 million. Included in the deal are 3.1kW Country WYCM-FM (95.7)/Attica, 2.3kW Adult Hits WBPE-FM (95.3)/Brookston and 50kW CHR WAZY-FM (96.5) and 1kW Sports WSHY-AM/Lafayette. AMP is an Indiana-based company headed by Arthur Angotti II and also owns WDND-AM in South Bend, IN.

Angotti said, "After 23 years of visiting and living in the Lafayette market, it's not easy letting our Lafayette stations go, but having met with the owners of Lafayette TV, LLC, I am confident that they will continue our commitment to broadcast excellence and the support of the staff, the community, and continue the partnership with Purdue University. I am very proud of the team of broadcast professionals and the 4 radio stations we have built in Lafayette."

Lafayette TV LLC is an Indiana-based company headed by Bill Christian and Mike Reed. Lafayette TV's CEO Bill Christian said, "We are thrilled to be working with this great group of stations in a terrific, growing area. The Angotti family has spent two generations building this team and serving the market, and our goal is to continue their tradition of proud service."

President Mike Reed noted, "Additionally, we are excited to announce that we are launching the market's first local Fox and NBC television stations. We look forward to becoming a meaningful part of the Lafayette community."

Kalil & Co. Inc. was the broker for this transaction.