BUSINESSTALKRADIO.NET, INC. PURCHASES THREE MORE STATIONS

The sale of Long Island stations WLIR-FM(107.1), WBON-FM(98.5) and WDRE-FM( 105.3) to BusinessTalkRadio.net, Inc. has been announced. The announcement was made by Michael L. Metter, President and CEO of Business TalkRadio.net, Inc. and Ronald Morey, Founder of The Morey Organization and Jarad Broadcasting.

“I am very excited about this latest acquisition,” Metter said. “Having grown up in the NY City area, I was weaned on the heritage cutting edge rock station WLIR-FM and in later years was an avid fan of the former modern rock format of WDRE-FM.

Many groups got their start on WLIR-FM and just as it was the showcase for new talent in the past, we expect to make that happen again,” he said. “It is a great opportunity to enhance the formats and develop new cutting edge programming to syndicate nationally, with the stations being the flagship for these new shows.

“This continues to expand our business model of interesting and unique programming throughout the country,”he added. “Ron Morey is a very talented radio executive who has done a great job in building premiere radio properties and we hope to take them to the next level,” Metter said. Metter added that the company will LMA WBON-FM with the company’s business and lifestyle formats as of Janaury 1. The other stations will follow with LMA’s March 1, until the acquisition is approved by the FCC.

BusinessTalkRadio.net, Inc. owns the Business TalkRadio Network(™) and Lifestyle TalkRadio Network(™) which provide programming to more than 1,100 radio stations across the country. In addition, they own KNUU, Las Vegas, WXBR(formerly WBET), Boston and WGCH, Stamford/Norwalk, CT.

Metter indicated one more acquisition would be announced before the end of the year. Michael J. Bergner of Bergner and Co. is the broker for the sale of the stations.