Local firm to buy 17 Maine radio stations

[Dan Billings]

A newly formed Maine radio company - Blueberry Broadcasting - announced it 
will buy 17 radio stations in the Augusta, Rockland and Bangor areas from 
national media giant Clear Channel Communications.

The Kennebunkport-based radio company has signed a contract to buy all of 
Clear Channel's Maine radio stations, said Bruce Biette, of Blueberry 
Broadcasting.

Biette said the purchase price is $11 million.


http://news.mainetoday.com/updates/026376.html

$11 million seems like a low price.  I wonder what Clear Channel paid for 
the stations.  I am betting a lot more.

For the record -- Biette was GM of Saga's Portland stations when I was fired 
in 1993.  Not that I hold a grudge.  ;-)

-- Dan Billings, Bowdoinham, Maine