Bayshore Media already has an AM station in the resort town of Ocean City MD, the eastern outpost of the Salisbury-Ocean City market. Now it is extending its reach inland to get an FM companion. However, neither of the two stations puts a good signal into Salisbury.
The station being bought is WAMS-FM Snow Hill MD. It’s a Class A on 101.1 MHz with 1.2 kW @ 489’ that is currently using a Hits of the 80s format.
The seller is Snow Hill Broadcasting, headed by John P. “Jack” Gillen.
The buyer is headed by Vincent Klepac, Lorrie Klepac and Branden Klepac.
The price will be $350K, with $200K paid in cash and the rest coming over time pursuant to terms of a promissory note. An LMA was scheduled to begin 2/15/12.
The buyers already own Talk 1590 WQMR-AM Ocean City. It’s 1 kW-D, 230 W-N directional signal is pretty much confined to that municipality and the nearby Atlantic Ocean.
WAMS-FM is located in between and to the south of Salisbury and Ocean City, and doesn’t quite make it to either.
The sellers also own WJRE-AM Dover, which is not part of the market, and which is being sold.