The slow dismantling of the Radio Disney Group continues.
WFDF(AM), a 50 kW property in Detroit, has been sold to The Word Network, a religious broadcaster. Price is $3 million. The buyer’s broker was Greg Guy of Patrick Communications. Bill Schutz repped Disney.
In other station sales, Alpha Media reached across North America to purchase four stations in Fredericksburg, Va. The stations were available because of their common ownership with a newspaper, the Fredericksburg Free Lance-Star. A bankruptcy by the media group removed a grandfathered ownership restriction waiver. The FCC required the new owners, Sandton Partners, to sell either the paper or the radio properties — WFLS(FM), WNTX(AM), WVBX(FM) and WWUZ(FM).
Alpha Media Chairman Larry Wilson said, “Fredericksburg is a thriving place that continues to grow. It will be a nice addition to our East Coast footprint.”
The broker was George Reed of Media Services Group.
