Adams Radio of Delmarva Peninsula has closed the acquisition of radio stations from Great Scott Broadcasting

Minneapolis MN – Adams Radio of Delmarva Peninsula has closed the acquisition of radio stations previously owned and operated by Great Scott Broadcasting. Kalil & Company was the broker in the transaction. The Salisbury – Ocean City MD acquisition includes: WGBG-FM and WJWK-AM (both licensed to Seaford, DE), WJWL-AM and WZBH-FM (both licensed to Georgetown, DE), WKHI-FM (licensed to Fruitland, MD), and WOCQ-FM (licensed to Berlin, MD). The deal also includes FM Translators W242AV and W262BF.

Ron Stone, President and CEO of Adams said “This has been the longest deal in my lifetime! We started this process in September 2013 and are elated to finally reach the goal line! This market offers tremendous upside for Adams and we are very excited to finally be in the market. We look forward to interacting with listeners, clients and other great broadcasters on the Delmarva Peninsula.”

Adams Radio Group also owns and operates clusters in Las Cruces, NM, Fort Wayne, IN and suburban Chicago “The Region”. Phil LoCascio, Adams Market Manager, added: “When I joined the company in December I had no idea it would start off with a three month vacation! The good news is I have had plenty of time to plan and prepare for the cluster. We have a lot to do and a ton of upside…good thing I had the vacation first!”

About Adams Radio Group

Adams Radio Group is headed by Ron Stone. Adams is a medium to small market company focused on local radio operations and creating great marketing opportunities in the local communities. The ownership group of ARG is comprised of individual investors led by Stephen Adams, Chairman and majority owner of The Adams Companies, a diversified group of companies encompassing wineries, outdoor advertising, publishing, recreational vehicles and other related services.

About Kalil & Company

Kalil & Co., Inc.’s seven broker team represents television, radio, and outdoor ownership and is the top ranked brokerage firm in the country. Kalil is based in Tucson, AZ.
For more information on Kalil, call 520.795.1050 or email [email protected]

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