9-19-14
Great Scott Broadcasting has agreed to sell eight of its stations in the Salisbury-Ocean City, MD market to Adams Radio of Delmarva Peninsula. The deal includes WGBG-FM and WJWK-AM (both licensed to Seaford, DE), WJWL-AM and WZBH-FM (both licensed to Georgetown, DE), WKHI-FM (licensed to Fruitland, MD), and WOCQ-FM (licensed to Berlin, MD), along with two FM translators. Kalil & Co. was the broker in the transaction.
Adams President/CEO Ron Stone said, "We are very excited to join the broadcast community in Salisbury-Ocean City! This cluster is another rare opportunity to acquire a company that has been in the same family for almost 50 years. We are honored to be chosen by the Scott family to be the next stewards of these great stations. These stations are a great complement to the other markets we have acquired."
Adams Radio Group re-entered the radio business in July, and this is its fourth cluster; the group also has clusters in Las Cruces, NM; Fort Wayne, IN; and in the Chicago suburbs in Northwest Indiana.
Jeff Scott of Great Scott said, "Our family has proudly served the Delmarva Peninsula for 50 years. We quietly listed our stations in hopes that we would find the perfect buyer that shares our values in serving the public. We believe Adams Radio is that company. We have no doubts that our family's tradition of high-quality programming will continue and the public will be well served by Adams."
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