As RBR+TVBR first reported on Tuesday (6/22) a deal has been struck that will send two of its FM radio properties serving the Delmarva region to the owner of the local CBS, NBC, Telemundo and FOX affiliates, giving it a total of 7 radio stations across the area.
Now, RBR+TVBR has confirmed that Adams Media Group, led by Ron Stone, will be exiting the Eastern Shore of Maryland and southern Delaware altogether.
For Adams, Class A Country WUSX-FM “U.S. 98.5” in Seaford, Del., and heritage Top 40 WOCQ-FM “OC104,” a Class A FM licensed to Berlin, Md., are being sold, too.
RBR+TVBR has confirmed that Adams will soon announce a deal that will see the sale of these properties, too.
It follows the sale of WGBG-FM 107.7 in Fruitland, Md., for $600,000 and the $1.6 million spin of WZBH-FM 93.5 in Millsboro, Del., to Draper Media/WBOC Inc.
Asked why Adams would be exiting Maryland’s Eastern Shore and the Delaware beach resort communities of Bethany, Rehoboth and Dewey, Stone tells RBR+TVBR, “This was an easy decision. We are selling our Eastern Shore stations to several other operators already there. They get stronger and the market loses one competitor; it should be great for all. The stations are all going to operators who will be great stewards of the frequencies.”
Adams Radio Group is headquartered in Lakeville, Minn., on the southern edge of the Minneapolis-St. Paul metropolitan area. Its radio properties are located in Fort Wayne, Ind.; Las Cruces, N. Mex.; Northern Indiana; and Tallahassee, Fla.
In addition to his work as the head of the radio broadcasting company, Stone in recent months has emerged as the creator of the Independent Broadcasters Association.