Roanoke FM Sells For $600K

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Broker George Reed of Media Services Group fills us in on the details. WVJT LLC is purchasing WVMP-FM in Roanoke, VA, from Community Media Group. The buyer is headed by Todd Robinson, who owns stations in Lynchburg, Bedford, Covington, Clifton Forge, and Lewisburg, West Virginia. The seller is headed by Dr. William E. Amos, who does not have any other stations.

The station will continue to be located at the Patrick Henry Hotel. WVJT, LLC began operating WVMP on August 1 under an LMA. According to Todd Robinson, “Our group is excited to become a part of such a wonderful community (Roanoke area) and look forward to continuing and expanding the fine broadcast services started by Dr. Amos and his very capable staff.”

Amos said, “My workload as CTO of Meridium and other software ventures has increased. I’m excited to be a shareholder of Todd’s company and will assist as required. Being a shareholder of the group was important to me to continue to promote the local market. I’m quite proud of the gains the station has made over the past eight months in terms of revenue and improved signal. It’s good to leave the station on an up note. The entire staff has done a remarkable job and I can’t wait to see the impact of WVMP being affiliated with a group that provides complete market coverage.”

Reed represented Amos in the deal.

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