Quantum Buys Boch Cape Cluster

[Ron Bello]

Qantum is paying $21.3 million for the Boch stations.

Details from the Cape Cod Times:
http://www.capecodonline.com/cctimes/qantummakes2.htm


At 06:31 PM 2/1/2005, Laurence Glavin wrote:
>Ernie Boch, Jr received cash for the family's cluster of 4
>FM's on Cape Cod: WXTK,(95.1); WCOD,(106.1); WPXC (102.9);
>and the duopoly of WTWV (101.1) and WDVT (93.5).  The buyer
>is Quantum, already the owner of several full-power outlets
>on the Cape, so they'll be spinning off two of the acquisitions.
>Quantum will keep WCOD and WXTK, both more-or-less full-power
>stations, and divest WPXC and the WTWV/WDVT duopoly, all
>four of which are the equivalent of the former class-A stations:
>6KW @ 328 ft.  They'll be more pervasive in their market than
>Greater Media is in Boston!
>
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Ron Bello
Bello Associates, Inc.
160 Speen Street - Suite 303
Framingham, MA  01701
508-820-1100  Fax 820-1112