Alpha Media Spinning Off Biloxi
• RAMP has learned that proper paperwork has been signed and an application is being filed with the FCC for the transfer of WANG-AM, WTNI-AM, WCPR-FM, WGBL-FM, WQBB-FM and WXYK-FM/Biloxi-Gulfport, MS from Alpha Media to Mississippi-based TeleSouth Communications, Inc., which owns or operates 21 stations in 12 different markets.
Alpha Media CEO/President, Bob Proffitt commented, “We are happy our group of great broadcasters in Biloxi/Gulfport are being sold to a good operator located in the state of Mississippi that is dedicated to live and local. We have a special place for everyone at these stations and wish them the very best.”
TeleSouth will immediately spin off WXYK-FM in order to meet the FCC rules, which cap station ownership in a single market. Alpha Media owns 207 stations in 45 markets pending the completion of all announced transactions. Kalil & Co., Inc. is the exclusive broker for this transaction.
