AAA Sells Champaign-Urbana, IL Cluster To RadioStar
February 27, 2006 at 2:10 PM (PT)
AAA ENTERTAINMENT has finalized an agreement to sell its four CHAMPAIGN-URBANA radio stations -- Classic Rock WGKC, Top 40 WQQB, and Alternative simulcast WEBX/WEVX -- to RADIOSTAR INC., whose principles include Pres. JIM GLASSMAN and EVP JACK TADDEO. GLASSMAN and TADDEO owned the CHAMPAIGN cluster between '95 and '00.
Of the acquisition, and their return to the market, GLASSMAN and TADDEO said, "We are excited to be back in CHAMPAIGN-URBANA and look forward to continued growth and increased service to our listeners and advertisers."
Said AAA ENTERTAINMENT Chairman PETER OTTMAR, "We are happy to make this win-win deal with RADIOSTAR. It allows us to hand our stations off to people who want to continue its growth, and gives us the opportunity to focus on our PEORIA and BLOOMINGTON properties."