Posted by Radio sale? on April 02, 2009 at 19:05:58:
I hear a rumor swirling that a deal is in the works for Good Karma Broadcasting to buy the pair of radio stations that Zoe Communications owns in Portage, WPDR and WDDC. From what I've been told, an agreement is in place, just working on a final price and the minor details. I believe Zoe bought those stations in 2003 for 1.1 million. With the economy what it is, there's no possible way they could get that for them now, is there? Anyone have any opinions?