Illinois Trio Changes Hands
July 18, 2008 at 5:36 AM (PT)
WPW BROADCASTING, INC. (PRAIRIE COMMUNICATIONS) is selling Hot AC WKAI (K-100) and Adult Standards daytimer WLRB-A/MACOMB, IL and Country WLMD (HIT COUNTRY 104.7)/BUSHNELL, IL to NANCY L. FOSTER's COLCHESTER RADIO, INC. (PRESTIGE COMMUNICATIONS) for $1 million.
The buyer owns three other stations in the market -- Classic Rock WJEQ (CLASSIC 103), Oldies WMQZ (TRUE OLDIES 104.1) and Alternative WNLF (MODERN ROCK 95.9). The seller is retaining one station from the RADIO MACOMB cluster -- Classic Hits WKXQ (92 X THE ROCKET)/RUSHVILLE, IL -- and is moving it into its QUINCY cluster.