The Walt Disney Company has an interest in WDRD-AM in Louisville KY, but once the sale of the station to UB Louisville LLC closes, it will be as a syndicator rather than as an owner.
Chad Boerger is the buyer, and the acquisition will officially make him a group owner, adding a second market to his portfolio, which already includes a pair of stations in the Kansas City MO market.
According to brokers Bill Schutz, who represented the seller, and John Pierce, who represented the buyer, the price will be $375K cash.
Boerger already has a TBA in place, and is utilizing Disney’s ESPN Radio on the station.
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.
