Mancow Sues Maverick Radio Partners

7-21-14

The Chicago Tribune reports Erich "Mancow" Muller has filed a lawsuit against Rodney Rainey's Maverick Radio Partners claiming Rainey defrauded him out of $50,000 that Muller invested with him to purchase radio stations. Muller says the stations were never purchased and Rainey used the money for other purposes and did not return his $50,000.
The suit claims Muller was approached by Rainey in 2011 and claimed Maverick Radio Partners had secured $19.3 million in equity and debt to finance the acquisition of WFRE-FM and WFMD-AM in Frederick, Md. Muller alleges Maverick said it had secured a commitment of $200 million from Spartacus Partners to build a radio group with purchases in Hartford, Orlando, Charlotte, Nashville and other markets. Muller entered into an oral agreement with Rainey and wired him the money which was to be held in escrow until documentation was in place to buy the stations. That never happened. Muller reached out to Rainey on several occasions requesting his money be returned and says that also never happened.

Read the full Chicago Trib story HERE

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Gary Rozynek Launch The Maverick Group

3-20-14

After 33 years working in the radio industry in station operations with the last 18 years at the Senior Management levels with companies like Connoisseur and as CEO of Maverick Media, Gary Rozynek has launched The Maverick Group, an advisory firm that focuses on "media sector solutions." Rozynek says his boutique advisory firm will provide a menu of services that will support value creation in the media sector.  Radio, TV, Cable and other media solution providers will be our partners."

Visit Gary's new website at http://www.themaverickgroup.com/ or contact him at garyr@themaverickgroup.com.

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Maverick Sells 10 to Mid-West For $15.5 Million

4-15-13

Mid-West Family Broadcasting says it is purchasing the assets of Maverick Media in the Eau Claire and Rockford, IL markets. Mid-West President Tom Walker said "We have wanted to grow our company for some time and want to bring the ideals of ?locally-owned radio' back to these two cities. The stations in both Eau Claire and Rockford will continue serving their local markets with the quality programming Mid-West Family brings to all its stations." An LMA for the stations will begin in several weeks.
The stations that will become part of Mid-West Family Broadcasting include:
Eau Claire stations
WAYY-AM
WEAQ-AM
WECL-FM
WIAL-FM
WDRK-FM
WAXX-FM
Rockford stations
WNTA-AM/FM
WRTB-FM
WGFB-FM
WXRX-FM/D-D2

More than 25 owned and operated stations currently fall under the Mid-West Family Broadcasting umbrella in Madison, WI, La Crosse, WI, Springfield, MO, Springfield, IL and St. Joseph/Benton Harbor/South Haven, MI.

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