JVC buys Florida radio group*


SoldThe use of * in the headline is totally appropriate – JVC Media is expanding from its Long Island NY radio base into the Gainesville-Ocala market with the acquisition of five FM stations, and they are coming from Asterisk Communications.

John Caracciolo and Victor Canales are the principals of JVC, and financing is provided by Northwood Ventures.

The stations include two primarily serving the Ocala, or southern portion of the central Florida market, and three oriented to the northern Gainesville side.

Here’s what JVC is getting:

* Country WTRS-FM Dunnellon, a Class C2 on 102.3 MHz with 50 kW @ 489’
* Hot AC WMFQ-FM Ocala, a Class C2 on 92.9 MHz with 50 kW @ 476’

* Smooth Jazz WXJZ-FM Gainesville, a Class A on 100.9 MHz with 6 kW @ 299’
* News-Talk WBXY-FM La Crosse, a Class A on 99.5 MHz with 2.2 kW @ 472’
* Sports WYGC-FM High Springs, a Class A on 104.9 MHz with 3.2 kW @ 449’

JVC Media CEO, John Caracciolo said, “We are honored and privileged to welcome these top performing radio stations into the JVC family. The prior owner of these stations was committed to community service, high quality broadcasting and creating an excellent work environment for its staff, and we are proud to be able to continue the tradition that Asterisk started in this great market.”

JVC Media VP, COO Victor Canales added, “We love this radio market, and we are excited to continue the trend of fun, local radio in North Central Florida”.  “We plan on adding staff in Florida and New York and to make a big splash with marketing and programming when we begin operating the stations.”

JVC has four FMs on Long Island and manages Pennysaver Amphitheater, an outdoor event location.
Terms of the Asterisk buy were not disclosed.