Greater Media Closes On Charlotte Buy
January 31, 2008 at 1:28 PM (PT)
GREATER MEDIA has closed on its purchase of Talk WBT-A-F and Talk-AC WLNK (107.9 THE LINK)/CHARLOTTE from LINCOLN FINANCIAL MEDIA.
GREATER MEDIA paid $100 million for the combo and closed on the deal this afternoon (1/31).
"We are delighted to add the CHARLOTTE stations to the GREATER MEDIA portfolio,” said GREATER MEDIA President and CEO PETER H. SMYTH. “But even more important, we appreciate the warm welcome we have received from the CHARLOTTE employees and the community. We anticipate a seamless transition.”
“Given the chance to hand-pick a company for our people, I would have chosen GREATER MEDIA,” said WBT-WLNK SVP/GM RICK JACKSON. “We're all looking forward to being a part of the GREATER MEDIA family.”