Clear Channel Charlottesville Sale Closes

GEORGE REED's MONTICELLO MEDIA (SISTEMA 102 LLC) closes on its purchase of six CHARLOTTESVILLE, VA stations from CLEAR CHANNEL. The stations include Talk WCHV-A, Hot AC WCJZ (MIX 107.5), and Sports WKAV-A (THE TICKET)/CHARLOTTESVILLE; Country WCYK (NEW COUNTRY 99.7)/STAUNTON; Top 40 WHTE (HOT 101.9)/RUCKERSVILLE-CHARLOTTESVILLE; and Oldies WSUH (SUPER HITS 102.3)/CROZET-CHARLOTTESVILLE.

"We are really excited about not only the great opportunity we have, but the reception we've received from the community," said VP/GM DENNIS MOCKLER. "It is energizing to be operating as a private, independent company with no other interests beyond these six stations. All of our energies and attention are focused on serving the CHARLOTTESVILLE area in the best way possible. We're building a great team that is dedicated to doing just that."

REED added, “We inherited a fabulous group of people. DENNIS and our team have exciting plans for the stations, and we are thrilled to close this purchase and bring local radio back to CHARLOTTESVILLE."

KALIL AND CO. was the broker for the deal.

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