Nashville, TN. Salem Radio Network has announced its purchase of Morningstar Radio Network, Inc. of Nashville. Morningstar produces, syndicates and distributes via satellite two 24-hour Christian music formats, Today’s Christian Music (adult contemporary), and High Country to over 160 affiliated radio stations nationwide.
“The acquisition of Morningstar is another important step in the continued growth of SRN,” said SRN President, Greg Anderson. “While news and talk syndication has been our foundation, we have consistently sought the right opportunity to expand our Christian music programming and syndication. Morningstar provides us with that opportunity.”
New York, NY. SFX Broadcasting Inc. has announced the acquisition of radio station WYSR-FM from Jarad Broadcasting Co. for $1.0 million. WYSR serves the Albany, N.Y. market with a 70s oldies format. SFX already owns four other Albany market stations: WGNA-FM (country), WGNA-AM (country), WPYX-FM (AOR), and WTRY-AM (70’s oldies).
“While we’ve been selling advertising for WYSR, it’s great to now be acquiring the station,” says Robert F.X. Sillerman, Executive Chairman of SFX Broadcasting. “Our proven programming expertise will allow us to fully exploit the potential of this station and bring its market ratings up to the level of our other two FM stations.”
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