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Monday, April 21, 2014

Alpha Purchasing Main Line For $57 Million

4-16-14 

Alpha picks up 10 stations in five markets, bringing the total number of stations Larry Wilson will soon own to 68. The five Main Line Broadcasting markets are: Richmond-Petersburg, Louisville, Dayton, Hagerstown and Chambersburg. Wilson has been steadily building up his portfolio of stations, and many believe he will be one of the three major players when it comes to company growth in 2014; the other two are Jeff Warshaw at Connoisseur and Dean Goodman at Digity.

Main Line Broadcasting CEO Marc Guralnick said, "I am extremely proud of all of Main Line Broadcasting's employees who have done a phenomenal job over the years. I am pleased to have these great broadcasters now under the leadership and vision of Larry Wilson and Bob Proffitt. There's not a better company than L&L Broadcasting to ensure this continued success."

L&L Broadcasting President and CEO Bob Proffitt said, "We've worked hard to maintain strong community involvement and an intimate connection with our listeners and advertisers in all of our markets. I'm confident that we'll be able to implement our mission of live and local radio in the Main Line markets."

Wilson has been steadily building up his portfolio of stations, and many brokers believe he will be one of the three major players when it comes to company growth in 2014; the other two are Jeff Warshaw at Connoisseur and Dean Goodman at Digity.

Here's a look at the Alpha markets after Main Line closes:

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