Salem Communications To Acquire
WORL 9-12-05
Salem Communications Corporation
announced that it will acquire WORL-AM 660,
Orlando, from James Crystal Florida, Inc., in exchange for Salem's KNIT-AM
1480, Dallas. The transaction is expected to close in the first quarter of
2006. In a press release Edward G. Atsinger III, president and CEO of Salem
Communications, commented, "This exchange allows Salem to enter the
growing Orlando market, the 36th largest in the country in terms of population
but 23rd in advertising dollars spent. In addition, since 1994, Orlando has been
the country's second fastest growing market in terms of employment growth. This
fits Salem's strategy of growing our station portfolio in the nation's top
markets."
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