(Macomb) Regional Media – Virden Broadcasting (RM) based in Bettendorf, Iowa, announced today that they have entered into a definitive agreement to purchase, Prestige Communications, INC (PCI) of Macomb, Illinois. (PCI) owns and operates WLMD (FM) Hot Country 104.7, WMQZ (FM) 104.1 True Oldies, WJEQ (FM) Classic 103, WLNF (FM) 95.9 The Buzz, WLRB (AM) 1510, as well as numerous websites.
Commenting on the acquisition, Regional Media – Virden Broadcasting President and CEO, Fletcher Ford said, “We're thrilled to be buying these stations from exceptional operators who really know local radio. I’m excited about the stations; they will fit nicely into our game plan of concentration in Illinois and will allow us to further support local communities.”
The combination of these six stations creates a perfect fit to the (RM) portfolio. When completed, the number of stations owned by (RM) will grow significantly.
Nancy Foster, President of Prestige Communications, INC, “ Fletcher is a great local broadcaster and deeply cares for his company and staff. His legacy of super serving local communities is unprecedented. Prestige Communications could not be happier to have found such a great home for our stations and valued employees, I am very blessed to have our company go to such a person”.
Regional Media – Virden Broadcasting will take over operations on August 1, 2015.