Salem Communications is exiting the Providence RI market, sending its one and only station there to faith-based Relevant Radio. According to brokerage firm Kalil & Co, which handled the deal, the price is $750K.
“Through the unbelievable generosity of a supporter, a gift was given with the hope of expanding the foot print of Relevant Radio,” said Rev. Francis J. Hoffman, Executive Director of the buyer. “After much discernment and prayer, plus consultation with His Excellency Thomas J. Tobin, Bishop of the Diocese of Providence, the Board of Directors selected WBZS based upon the signal coverage and strength, the size of the Catholic population and the affordable purchase price of $750,000.”
The station covers what it needs to in Providence. It’s a Class B on 550 kHz licensed to Pawtucket, with 1 kW-D and 500 W-N, DAN.
The station will mark the 13th O&O for the Green Bay WI-based group (three FMs and 10 AMs in five states). The company also has 21 affiliates.