Red Zebra Broadcasting is passing off one of its Washington DC stations, and Salem Communications is the receiver. The acquisition of WWRC-AM will give the national religious group its third signal in the market.
Salem already owns WAVA AM & FM in the market. It will pay $3.1M to add WWRC to the cluster, and will kick off an LMA with the station 5/15/10.
Salem’s conservative talk format is in the station’s future. David Santrella, Division President, Radio, commented, “There is no better place to have a platform for our brand of talk radio than in our nation’s capital and this acquisition provides us with just such an opportunity.”
Red Zebra, part of the business empire of NFL Washington Redskins owner Dan Snyder, still has a number of stations in the market, including WTEM-AM Washington, WTNT-AM Bethesda MD, WWXT-FM Prince Frederick MD, WWXX-FM Warrenton VA and WXTR-AM Alexandria VA. It also has an AM-FM combo in the Norfolk-Newport News-Virginia Beach market and an AM in the Richmond VA market.
Broker Greg Guy of Patrick Communications represented the seller in the transaction.
RBR-TVBR observation: This doesn’t have anything to do with broadcasting, but the Redskins are (or were) the home team for some of us at RBR-TVBR, and with the acquisition of former Philadelphia Eagle QB Donovan McNabb seeming to drastically diminish the usefulness of incumbent QB Jason Campbell, perhaps the Redskins can strike an LMA with some other team for Campbell’s services. We understand the Pittsburgh Steelers may have a temporary opening at the position.
RBR-TVBR note: Now available RBR-TVBR’s ‘2010’ new guide to help chart a course through the treacherous waters of buying, owning and selling radio or television stations.
Click to purchase: “Profitably Buying and Selling Radio Stations,” or 1-800-288-4677, ext. 5022 for $49.95, paperback, $39.95, e-book.