Kerby Confer and Donald Alt’s Forever Media has cut a deal to buy Delmarva Broadcasting, owner of 10 radio stations along the Delmarva Peninsula in Delaware and Maryland. The sale marks Delmarva’s exit from the radio business.
Stations included in the deal are hot AC WSTW (93.7), the news/talk /sports simulcast of WDEL- AM & FM (1150, 101.7) and gospel WFAI (1510) in the Wilmington, DE market; country WXCY (103.7), Havre de Grace, MD; classic hits “97.1 The Wave” WAVD, classic hits “Cool 101.3” WNCL, news/talk “Delaware 105.9” WXDE, hot AC “Eagle 97.7” WAFL and sports WYUS (930) in the Salisbury-Ocean City, MD market.
Terms of the deal were not available at press time.
Delmarva’s parent company, Steinman Communications, is the publisher of LNP/Lancaster Online.
Forever Media owns radio stations in Kentucky, Maryland, Ohio, Pennsylvania and Tennessee.
This story has been updated to include the transaction price.