Radio Disney is planning on spinning off children’s radio outlets in the Providence RI, Hartford CT, Louisville KY and Jacksonville FL markets. And it can now cross Jacksonville off the list. WBWL-AM is going to Stuart Epperson’s Chesapeake Portsmouth Broadcasting.
According to the brokers who handled the deal, Bill Schutz for Disney and John Pierce for Chesapeake Portsmouth, the price is $650K.
The station is a Class B on 600 kHz with 5 kW day and night. The brokers touted its large coverage area, serving parts of both Florida and Georgia.
RBR-TVBR note: If you read this article, chances are you have more than a casual interest in the buying and selling of media properties. Much of what goes into a deal goes into the contract, and knowing what kinds of things should go into the contract can help you make a better deal. RBR-TVBR has just the book for you: a guide to deal-craft that will pay for itself.
Click to purchase: “Profitably Buying and Selling Radio Stations,” or 1-800-288-4677, ext. 5022 for $49.95, paperback, $39.95, e-book.
