PRESS RELEASE
FOR IMMEDIATE RELEASE
June 3, 2011
Mississippi Broadcasters, LLC (Clay Holladay, President) has agreed to purchase the assets of the following Meridian, Mississippi radio stations from Clear Channel Radio*:
WMSO-FM, licensed to Meridian
WZKS-FM, licensed to Union
WYHL-AM, licensed to Meridian
WJDQ-FM, licensed to Marion
WHTU-FM, licensed to Newton
The stations are currently programmed by URBan Radio under a Time Brokerage Agreement.
Concurrent with the acquisition, New South Communications, Inc. has agreed to purchase the assets of WJDQ-FM and WHTU-FM and Educational Media Foundation has agreed to purchase the assets of WMLV-FM from Mississippi Broadcasters, LLC. Mississippi Broadcasters, LLC will donate WKZB-FM to the Meridian Community College Foundation.
Closing on all such sales is subject to FCC consent and standard closing conditions.
George R. Reed of our Jacksonville, Florida office represented Clear Channel/URBan Radio in this transaction.
* Pending FCC Approval
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