Current Issue:



In the April 21 issue:
Cover Interview With
Cumulus Media's
Jon Pinch


Click here to subscribe to Radio Ink.






Radio Ink Writers




















Reilly/Anastos Deal Closes

9-9-2012

Brokers Frank Boyle and Dick Sharpe make the announcement of this $1.2 million sale that closed Friday. The Anastos Media Group 4 station cluster is sold to Joe Reilly's Empire Broadcasting Corporation. The stations are: WQAR-FM in Stillwater, WUAM-AM in Watervliet, WABY-AM in Mechanicsville, WVKZ-AM in Schenectady, and in Albany, W291BY. All stations are located in New York.
   
Reilly, President/CEO-Empire Broadcasting Corporation, had just completed 31 years as President of the New York State Broadcasters Association. Reilly buys back WQAR-FM, a station he sold to Ernie over 14 years ago. Ernie Anastos, Chairman/CEO of the Anastos Media Group, is the New York TV News Anchor  for Fox's WNYW, Channel 5. These are the last market and radio stations owned by the Anastos Media Group.

The price was $1,200,000 -- All cash-asset sale. Brokers were Frank Boyle and Dick Sharpe, who represented the buyer and assisted both parties in the negotiations in this transaction.
 




(12/1/2013 6:16:42 PM)
Traffic is the key to my website business. I found a company that has been an amazing resource in building our traffic and the communication back and forth has been refreshing. I use most of the services offered by this company and I am now getting hundreds of targeted visitors to my website every day. Take a look here: http://2hams.com/112s
Mckayla http://2hams.com/112e

- Mckayla
(10/25/2013 8:33:55 PM)
X6IkP5 Really enjoyed this post.Thanks Again.

- NY
(9/9/2012 11:55:52 PM)
Frank Boyle and Joe Reilly....2 of the greatest guys I've ever met in the radio business. Congrats to both of you!

- Barry O'Brien

Add a Comment | View All Comments

 

Send This Story To A Friend

 
Advertisements

Advertisements