Tim Martz believes in the power of radio so much that his company is named Radio Power Inc. Martz is putting his money where his company naming-style is with a deal for WPYT-AM in the Pittsburgh market.
The seller is Alex Langer’s Langer Broadcasting Outdoors. According to broker John Pierce, the price of the station will be $290K.
WPYT is a Class D licensed to Wilkinsburg PA, with 1.4 kW coming from a non-directional stick. It has to clear off the air at night to protect New York’s iconic Sports franchise WFAN-AM.
Pierce noted that it’s the second spin-off for Langer this year. He earlier sent WBIX-AM Natick MA to Holy Family Communications for $1M. The station serves the Boston market and the buyer is noncommercial. The value of the station was agreed to be $1.5M, with the remaining $500K treated as a charitable contribution by Langer. It was filed with the FCC 7/12/10.