ELYRIA – The Elyria-Lorain Broadcasting Co. has reached a deal to sell one of its radio stations, WNWV-107.3 FM, to Akron-based Rubber City Radio Group.
The agreement still needs to receive approval from the Federal Communications Commission before the sale can formally take place, said Paul Martin, president and CEO of Lorain County Printing and Publishing, which owns Elyria-Lorain Broadcasting and The Chronicle-Telegram.
Elyria-Lorain Broadcasting will continue to operate its four other stations, WEOL and WLKR on the AM dial and FM stations WLKR and WKFM.
Martin and Rubber City Radio President Tom Mandel both declined to discuss the sale price of WNWV, which will join the three stations that Rubber City currently operates. Mandel and Martin said the deal worked well for both companies.
“It was best for the radio station and best for our company as well as Rubber City Radio,” Martin said.
See Friday’s Chronicle for more on this story.