Court Approves Sale Of 30 Nassau Stations
May 31, 2012 at 3:59 AM (PT)
The U.S. Bankruptcy Court for DELAWARE has approved the sale of 30 NASSAU BROADCASTING stations to BILL BINNIE's CARLISLE CAPITAL CORP. for $12.5 million. Judge KEVIN GROSS signed off on the order approving the deal on WEDNESDAY (5/30). BINNIE is splitting the 30 stations with JEFF SHAPIRO, head of GREAT EASTERN RADIO.
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.