Minneapolis MN – Great Scott Broadcasting has agreed to sell the majority of its radio cluster in Salisbury – Ocean City, MD to Adams Radio of Delmarva Peninsula, LLC. Kalil & Company was the broker in the transaction. The 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 “We are very excited to join the broadcast community in Salisbury – Ocean City! This cluster is another rare opportunity to acquire a company that has been in the same family for almost 50 years. We are honored to be chosen by the Scott family to be the next stewards of these great stations! These stations are a great compliment to the other markets we have acquired.”
This is the fourth market for Adams Radio Group since reentering the radio business last July. Adams owns and operates clusters in Las Cruces, NM, Fort Wayne, IN and suburban Chicago area in Northwest Indiana referred to as “The Region”.
Jeff Scott of Great Scott Broadcasting added: “Our family has proudly served the Delmarva Peninsula for 50 years. We quietly listed our stations in hopes that we would find the perfect buyer that shares our values in serving the public. We believe Adams Radio is that company. We have no doubts that our families tradition of high quality programming will continue and the public will be well served by Adams.”