Martz Communications vends 94.7 Hits FM, Wild Country 96.5

Fagstein a posté un billet sur la vente des stations 94.7 Hits FM et Wild Country 96.5 https://blog.fagstein.com/2021/06/29/wyul-wvnv-sale/

 If you’re a Montrealer who likes to listen to 94.7 Hits FM to get music unencumbered by CRTC regulations, I have some bad news for you.
And if you’re a Quebecer who tunes in to the weak 96.5 FM because there aren’t better country music options on the radio here, I also have some bad news for you.
Both WYUL 94.7 in Chateaugay, N.Y., and WVNV 96.5 in Malone, N.Y., have been sold to the Educational Media Foundation, which owns hundreds of stations in all 50 states under the K-Love and Air1 brands, both of which broadcast Christian music.
The purchase price is $2.5 million. The deal includes the licenses and transmitter facilities but not much else. Martz Communications retains the logos, branding, studio equipment and everything having to do with employees.
“EMF approached me over a year ago and ultimately made me an offer I couldn’t refuse,” Martz owner Tim Martz tells me. “Given COVID-19’s impact on the economy and advertising revenues, and the current difficult business climate, it became clear that their offer made sense considering the alternatives, even more so since I recently turned 70 years of age.”
The stations remain operational for now and at least the next three months, Martz says.
An application for transfer of ownership was published Monday by the Federal Communications Commission. It was first reported by All Access and Radio Insight. The deal would close within 10 days of FCC approval, according to the agreement filed with the commission.