Bill Binnie Details Split Of Nassau Acquisition With Jeff Shapiro
May 24, 2012 at 4:44 AM (PT)
CARLISLE CAPITAL CORP.'s BILL BINNIE gave the CONCORD MONITOR a rundown of how he is splitting up the 30 NASSAU BROADCASTING stations he is buying out of bankruptcy for $12.5 million (NET NEWS 5/22) with JEFF SHAPIRO's GREAT EASTERN RADIO, saying that he will keep 17 of the stations and SHAPIRO will get 13.
"We look forward to bringing the radio stations to financial health and continuing to improve and strengthen their programming," BINNIE told the MONITOR. "In many cases, most if not all of the 17 stations are successful radio stations that were just burdened by too much debt, and in some cases mismanagement from NEW JERSEY."
BINNIE is taking 17 stations in MAINE, NEW HAMPSHIRE and VERMONT for his WBIN MEDIA CO., including Top 40 WJYY/CONCORD, NH; Country WNHW (93.3 THE WOLF)/BELMONT, NH; Talk WEMJ-A and AC WLNH/LACONIA, NH; Classical WNNH/HENNIKER, NH; Classic Hits WFNQ (106.3 FRANK FM)/NASHUA; Country WXLF (95.3 THE WOLF)/HARTFORD, VT-WZLF (107.1 THE WOLF)/BELLOWS FALLS, VT; Classic Hits WFNK (107.5 FRANK FM)/LEWISTON-PORTLAND, ME; Country WTHT (99.9 THE WOLF)/AUBURN, ME-WBQQ/KENNEBUNK, ME; Active Rock WHXR (106.3 THE BONE)/SCARBOROUGH-PORTLAND, ME; Classic Hits WBYA (105.5 FRANK FM)/ISLESBORO-BANGOR, ME; Classical WBQX/THOMASTON, ME-WBQI/BAR HARBOR, ME (W-BACH); and Oldies-Talk WLAM-A/LEWISTON, ME-WLVP-A/GORHAM, ME.
SHAPIRO's VERTICAL CAPITAL PARTNERS will end up with Hot AC WMOO (MOO 92)/DERBY CENTER, VT; Country WIKE-A/NEWPORT, VT; Classic Hits WORK (107.1 FRANK FM) and Talk WSNO-A/BARRE, VT; Sports WTSV-A (THE SCORE) and Classic Rock WHDQ (Q106)/CLAREMONT, NH; Classic Rock WLKZ (104.9 THE HAWK)/WOLFEBORO, NH; Classic Rock WTHK (100.7 THE FOX)/WILMINGTON, VT; Oldies WFYX/WALPOLE, NH-WWOD/HARTFORD, VT; Classical WWHQ/MEREDITH, NH; Country WWFY (FROGGY 100.9)/BERLIN, NH; and Classic Rock WEXP (101.5 THE FOX)/BRANDON, VT.
"We don't anticipate any major programming changes at this time," BINNIE said, adding that "we will most likely be introducing and pulling together more news on the stations."