Beasley Sells Charlotte Spinoffs WBT, WLNK, WFNZ To Entercom
October 18, 2016 at 6:13 AM (PT)
BEASLEY BROADCAST GROUP's CHARLOTTE market spinoffs are being sold to ENTERCOM COMMUNICATIONS CORP. for $24 million. The stations include News-Talk WBT-A-F, Sports WFNZ-A-W273DA (THE FAN), and Hot AC WLNK (107.9 THE LINK) and are being spun off to comply with FCC ownership rules with BEASLEY's acquisition of GREATER MEDIA; WBT and WLNK were acquired as part of the GREATER MEDIA deal. ENTERCOM will take over WBT and WLNK under a time brokerage agreement on NOVEMBER 1st and WFNZ on JANUARY 1st if the deal has not yet closed.
ENTERCOM Pres./CEO DAVID J. FIELD said, “We are excited about the opportunity to enter the rapidly growing CHARLOTTE market and acquire these very strong brands. We look forward to expanding the ENTERCOM team and working hard to serve our new listeners and customers and the CHARLOTTE community.”