5-29-14
KWAV-FM is located in Monterey, CA, where Jim Shea's Mapleton Communications owns KPIG, KKHK, KCDU, KHIP, and KBOQ. Pending FCC approval, Mapleton will also own KWAV-FM. Buckley President and CEO Joe Bilotta said, ?Our ability to compete in the highly consolidated Monterey-Salinas market with a free-standing FM was a significant reason to entertain and eventually sell KWAV to Mapleton Communications. With this acquisition, Mapleton will be even more of an impact player in the Monterey market and they are very excited to have the Buckley station as part of their growing cluster and company. Mapleton President and CEO Jim Shea said, ?I have always admired KWAV. They have been great competitors and I am truly thrilled for the opportunity to work with them.?
Dick Foreman of Richard A. Foreman Associates, Inc., represented Buckley in the transaction.
