NY’S GALAXY CLUSTER BUY TAKES IT INTO WESTERN MASS.
October 18th, 2016 by Inside Radio
Ed Levine’s Galaxy Communications is expanding beyond its Central New York base by acquiring six stations and two translators in the Berkshires area of Western Massachusetts from Gamma Broadcasting. The transaction is a cash and stock deal valued at $3.17 million. Stations involved in the deal are AC “Live 95.9” WBEC-FM and talk/sports WBEC (1420) in Pittsfield; the classic hits simulcast of “Whoopee” WUPE-AM&FM (100.1, 1110) in North Adams; AC WSBS Great Barrington (860); AC WNAW North Adams (1230), the Great Barrington-licensed translator W231AK at 94.1 and the Pittsfield-licensed translator station W277CJ at 103.3.
Galaxy will pay Gamma $1.68 million for all the outstanding stock of Berkshires Media Group, which holds the licensees for WNAW, WUPE-FM and WSBS and translator W277CJ. Berkshire and Gamma are commonly controlled entities. Galaxy is paying $1.47 million in cash for WBEC-FM, WBEC and WUPE-AM. Galaxy will also pay $20,000 for translator W231AK, which is licensed to Northeast Airchecks. Northeast has filed an application to transfer the translator license to Gamma.
“These six radio stations do a tremendous job of serving their communities with great local radio. They have thrived under the ownership of Gamma Broadcasting, which has done a wonderful job,” Galaxy president and CEO Ed Levine said in a statement. “I look forward to working with market manager Peter Barry and the entire staff of radio professionals.”
Gamma principals Bruce Danziger and Burton Barlow hold an attributable interest in Vox AM/FM, which also owns stations in New York and Vermont.