Buyer For 5 Access.1 Atlantic City Stations Revealed
June 2, 2008 at 8:00 AM (PT)
The identity of the buyer of four stations in ATLANTIC CITY from ACCESS.1 has been revealed by the PRESS OF ATLANTIC CITY, which reports that a group called ATLANTIC BROADCASTING is buying Talk WOND, Classic Rock WMGM (THE SHARK), Rock WJSE (THE ACE), Oldies WTKU (KOOL 98.3), and Talk WTAA-A/ATLANTIC CITY for an undisclosed price.
The buyer is a new company formed by local businessman BRETT DENAFO, engineer MICHAEL FERRIOLA, and crosstown EQUITY Hot AC WAYV PD/host PAUL KELLY, who is leaving WAYV effective TODAY and will serve as PD and will be on the air as well, and JOSEPH BORSELLO, who will serve as promotions director. The PRESS also reports that GM DICK IRLAND and Sales Dir. MIKE KAZALA will remain on board with the stations.
KALIL AND CO. is serving as broker for the deal.