iHeart Buys Into Atlantic City

• iHeartMedia announced an agreement with New Jersey-based Equity Communications to purchase four Equity radio stations in the Atlantic City, NJ market: Hot AC 95.1 WAYV/Atlantic City; Classic Rock 100.7 WZXL/Wildwood, NJ; Top 40/Rhythmic WZBZ (99.3 The Buzz)/Pleasantville, NJ; and Urban AC 96.1 WTTH/Margate City, NJ.

“iHeartMedia is the multiplatform leader in audio built on the power of radio, and this acquisition underscores our commitment to broadcast radio’s continued growth and success as the No. 1 reach medium in the U.S.,” said Hartley Adkins, President of Market Groups for iHeartMedia. “These stations have a long history of success in South Jersey, and adding them to our roster will allow us to extend the iHeart brand to this market. We are excited to have the teams at WAYV, WZXL, WTTH and WZBZ join the iHeart family and look forward to collaborating together and continuing their growth trajectory.”

Gary Fisher, President & Owner of Equity Communications, commented, “We’re delighted to convey the Equity stations to iHeart. These are world-class stations with world-class staff, and it’s only fitting they should join the country’s biggest audio company. I’m confident they will continue to flourish & prosper under iHeart’s stewardship.”