View Single Post
  #1   Report Post  
Old October 15th 04, 02:32 AM
Mike Terry
 
Posts: n/a
Default Salem to pay $10M for Miami radio station

Camarillo-based Salem Communications Corp. is buying WKAT-AM (1360 AM) in
Miami from Classical 1360 LLC for $10 million.

Salem is a radio broadcaster focused on religious and family programming.

After closing on the Miami station, Salem will own 101 radio stations,
including 62 stations in 23 of the top 25 markets. This will be the
company's entrance into the Miami market.

In addition to its radio properties, Salem owns Salem Radio Network, which
syndicates talk, news and music programming to over 1,600 affiliated radio
stations; Salem Radio Representatives, a national sales force; Salem Web
Network, an Internet provider of Christian content and online streaming; and
Salem Publishing, which publishes Christian-themed magazines.

Last week, Univision Communications Inc. said it plans to exchange four
radio stations that serve the Chicago, Houston, Sacramento and Dallas
markets for assets of Salem stations in the Chicago and San Francisco areas.

http://losangeles.bizjournals.com/lo...ml?jst=b_ln_hl