Close encounters in upstate New York


The Watertown area is just about as upstate as you can get. We have word from brokers John Pierce and Dick Foreman that a pair of deals have achieved closure. David Stephens’ KXOJ Inc./Stephens Family LP is the buyer in both.  It’s paid 6.25M for Regent Communications stations in Watertown, and 5.095M for Martz Group stations in nearby, unrated portions of the state. Pierce was on Stephenss side of the negotioning table; Forman represented both sellers.

The Regent Watertown properties included WFRY-FM, WCIZ-FM, WTNY-AM & WNER-AM. Coming from Martz were WMSA-AM Massena, WVLF-FM Norwood, WRCD-FM/WNCQ-FM Canton, WYSX-FM Morristown and WPAC-FM Ogdensburg, all in New York.