Price revealed in Atlantic City


We now know how much Access.1 is getting for the Atlantic City station cluster it is spinning to Atlantic Broadcasting of Linwood NJ. The two-AM/three-FM cluster, which includes WMGM-FM Atlantic City, WTKU-FM Ocean City, WJSE-FM Petersburg, and WTAA-AM/WOND-AM Pleasantville, is fetching a price of $9.5M cash. The cluster will be operated by local businessman Brett DeNafo and several other veterans of the local radio scene will be on hand to help out. Kalil & Co. handled the deal.