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JVC Media Purchases Asterisk’s Florida Group

Tejas Broadcasting buys two stations from Tallgrass

JVC Media, a locally-owned radio broadcaster on Long Island, N.Y., has entered into an agreement to buy Asterisk Communication’s five North Central Florida FM radio stations: WTRS, WMFQ, WXJZ, WBXY and WYGC.

Founded by John Caracciolo and Victor Canales, JVC owns four Long Island FMs (WPTY, WBON, WJVC, WRCN) and operates Long Island Events, which manages the Pennysaver Amphitheater. JVC is backed by Northwood Ventures.

102.3 WTRS is a heritage country station serving the Gainesville/Ocala, Fla., market. Hot AC WMFQ, Q92 serves north central Florida. WXJZ is an FM station serving Gainesville with a smooth FM music mix format. WBXY and WYGC, both Gainesville stations, make up the rest of this cluster.

JVC Media VP, COO Victor Canales added, “We love this radio market, and we are excited to continue the trend of fun, local radio in North Central Florida.”

George Reed of Media Services Group, a national media brokerage and appraisal firm represented the seller.

Tejas Broadcasting Ltd. will purchase two Farwell, Texas radio stations — KMUL(AM) and KICA(FM) — from Tallgrass Broadcasting. Tallgrass Broadcasting is in receivership with David Rhoades of Tulsa acting as receiver.

Tejas Broadcasting is headed by Jim Anderson and has other Texas interests in Corpus Christi and Amarillo.

Bill Whitley of the Dallas office of Media Services represented Tallgrass.