Goodbye, Farmville: Colonial Completes Combo Sale


A broadcasting veteran of more than 50 years started 2021 by deciding to retire. He put his AM/FM combo serving a rural area of Virginia between Richmond and Lynchburg on the market.

An active acquisitor came knocking; a deal was struck. Now, the transaction has closed some 17 months later, bringing ownership of the stations to the nation’s No. 2 licensee by number of radio stations.

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