Mississippi Broadcasters Closes on Clear Channel Stations

Mississippi Broadcasters has completed the acquisition of the assets of the following Meridian, Mississippi radio stations from Clear Channel Radio for $1.1 Million. The stations are: WMSO-FM, licensed to Meridian, WZKS-FM, licensed to Union, WYHL-AM, licensed to Meridian, WJDQ-FM, licensed to Marion and WHTU-FM, licensed to Newton. The stations were most recently programmed by URBan Radio under a Time Brokerage Agreement.

George R. Reed of Media Services Group?s Jacksonville, Florida office represented Clear Channel/URBan Radio in this transaction.

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Mississippi Broadcasters Buys Five From Clear Channel

Pending FCC approval Mississippi Broadcasters President Clay Holladay will pick up the five stations in Meridian. They are WMSO-FM, licensed to Meridian, WZKS-FM, licensed to Union, WYHL-AM, licensed to Meridian, WJDQ-FM, licensed to Marion, WHTU-FM, licensed to Newton. The stations are currently programmed by URBan Radio under a Time Brokerage Agreement.

Concurrent with the acquisition, New South Communications, Inc. has agreed to purchase the assets of WJDQ-FM and WHTU-FM and Educational Media Foundation has agreed to purchase the assets of WMLV-FM from Mississippi Broadcasters, LLC. Mississippi Broadcasters, LLC will donate WKZB-FM to the Meridian Community College Foundation.

George R. Reed of Media Services Group?s Jacksonville, Florida office represented Clear Channel/URBan Radio in this transaction.
George@MediaServicesGroup.com. MediaServicesGroup.com

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