EMF Closes On Bangor Pair
April 8, 2009 at 4:37 PM (PT)
EDUCATIONAL MEDIA FOUNDATION has closed on its purchase of Oldies WGUY (OLDIES 102.1)/DEXTER, ME and Alternative WFZX (THE FOX)/SEARSPOINT, ME, both in the BANGOR market, from the BLUEBERRY DIVESTITURE TRUST (KALIL HOLDING GROUP, trustee) for $550,000. BLUEBERRY BROADCASTING, LLC acquired the stations from CLEAR CHANNEL in a group deal last year and placed them in a trust for spinoff.
KALIL AND CO. served as excusive broker for the deal.