Since January 2016, ZGS Communications — known mainly for its ownership of TV stations affiliated with NBCUniversal’s Spanish-language Telemundo network — has allowed another entity to operate its Class B AM serving the National Capital Area via a Time Brokerage Agreement.
Now, with ZGS selling off its affiliates to NBCUniversal, it has decided to officially part ways with its lone radio station by selling it to its TBA partner.
The radio station is WILC-AM 900, licensed to Laurel, Md. For a generation of Hispanics, WILC has provided news and information en español to first-generation Latinos — many of who hail from El Salvador.
WILC boasts a 1,900-watt daytime signal and 500 watts at night, from 3 towers.
Now, in a Form 314 filing with the FCC made Tuesday (1/30), ZGS has agreed to sell WILC to ACR Media.
The purchase price is $700,000, of which $625,000 will be held in a Promissory Note bearing interest at the rate of 5% per annum, and payable over four years with equal monthly payments of $14,393.
ACR is a wholly owned Maryland-based company led by Alejandro Carrasco.
Serving as ACR’s legal counsel is Derek Teslik of Wilkinson Barker Knauer LLP.