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Forever Media Closes on Steinman Communications Group Buy


Forever Media
Forever Media

Forever Media has closed on its previously announced acquisition of Steinman Communications' ten-station radio group in Delaware and Maryland for $18.5 million. Included in the deal were WSTW-FM and WDEL-AM & FM/Wilmington DE, WXCY-FM/Havre De Grace MD, WAVD-FM, WNCL-FM, WXDE-FM, WAFL-FM and WYUS-AM & FM/Milford-Salisbury. Forever is owned by Kerby Confer and Donald Alt. Steinman is headed by Robert Krasne and the parent of LNP Media Group Inc., the publisher of LNP/Lancaster Online.

Michael J. Bergner of Bergner & Co. brokered the transaction.

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