Industry News Bits 11-26-19
Cornerstone Community Radio is selling its stations to Illinois-based Good News Radio for $1.1 mil.
Cornerstone Community Radio, Inc. is a Non-Profit Organization formed in 1983. Cornerstone’s original founders were: Dick & Pat Van Zandt, Pastor Art Gregg, Pastor Sal Siano, James Bailey, & Win Rowert. Stations in the deal include WLUJ/Springfield, WLWJ/Petersburg, WRLJ/White Hall, WJWR/Bloomington, WLLM-AM/Lincoln, WLLM/Carlinville and WHPA/Macomb. In addition, the stations operate translators in Beardstown, Decatur and Jacksonville.
The University of Evansville reports its sale of WUEV/Evansville, IN (91.5) to WAY FM Media is complete. The sale price was $150,000. insiderradio.com. UE announced in May 2019 it planned to sell the frequency, and the sale has been approved by the Federal Communications Commission. The WUEV call letters remain the property of UE.
November PPM numbers arrive today. Markets include Wash DC, Baltimore, Minneapolis, and more. Look for results from Nielsen subscribers later today on HisAir. Christian Radio Ratings are sponsored by ShareMedia Services.
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