Multicultural station to get religion?

Arthur Liu's Multicultural Radio is liquidating one of its big market AM stations according to broker Bill Schutz, sending WNTD-AM Chicago to Catholic specialist Mark Follett. The deal will cover about 10% of Liu's acquisition of it and 14 other stations from Radio Unica back in 2003. Follett is getting the station under licensee name Sovereign City Communications. Schutz says he also runs stations under the name Relevant Radio, which owns 17 stations and has affiliation agreements in place with 17 more. Documents filed with the FCC place the value of WNTD at 15M cash.

Add to: del.icio.us | Digg