Business
Light Media Acquires 49 Percent Interest In WHRH/AM 1360; Seeks Strategic Partner To Develop Radio Site
Light Media Acquires 49 Percent Interest In WHRH/AM 1360; Seeks Strategic Partner To Develop Radio Site.
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[{"type":"text","content":" \t\t\t \t \t\t \t\t\t \t\t \t\"Light Media \tAcquires 49% Interest In WHRH/AM 1360; \tSeeks Strategic Partner To Develop \tRadio Site”\t \tATLANTA, GA--(07/11/11). Light Media (OTC: LGMH) announced today that it has acquired a 49% ownership \tinterest in WHRH/AM 1360 FCC Construction Permit and its goal to seek a \tstrategic partner to develop the WHRH/AM 1360 radio site. \t\tSituated in Dekalb County (city of \tLithonia) approximately 14.2 miles due east of downtown Atlanta, Georgia, \tWHRH/AM 1360 Construction Permit has initial FCC authorized broadcast power \tof: 2,500 watts (day) \tand 1400 watts (night) (touching a 7-county radius). 7 counties that \tcomprise 58.9% of Metro Atlanta Population (3.2 million residents): \t\tDeKalb; Pop.: \t(747,274); Fulton \t(Atlanta) Pop.: (1,033,756);\tGwinnett Pop.: \t(808,167); Henry Pop.: \t(201,343); \tClayton Pop.: \t(273,718); Newton \tPop.: (96,019); \tRockdale Pop.: \t(82,052). \t\t\"AM Radio (e.g. ethnic, \treligious, spanish, talk formats) remains popular in key Top 10 markets, with nearly every \tradio/multi-media conglomerate (e.g. Beasley Broadcasting, Salem \tCommunications, Cox Communications, etc., excluding Radio One owning atleast one radio station on the AM Dial in Metro Atlanta). Moreover, and further validating the Metro Atlanta AM-Dial value proposition, \tUrban Talk station WAOK, \tAM 1380-Atlanta (owned by CBS/Viacom) has invested in a Construction Permit on file now with the FCC \tseeking to increase WAOK's operating power.\t\t Constructing an AM Radio station like WHRH \t(AM 1360) from the ground-up is a herculean task, which is why a visionary \tstrategic partner will be sought in an effort to help get WHRH (AM 1360) \tconstructed and on-air, so that the citizenry, organizations and businesses \tin Metro Atlanta would be able to benefit both socially and economically \tfrom diverse and refreshing content (24/7). This is a goal that is \taspired to hopefully achieve,\" said Danny Wilson, Managing Director, AM 1360 LLC (51% interest-holder of WHRH) and President, Light Media.\t \tWHRH (AM 1360) \tSignal Contour Map:\t \t\tAbout Metro \tAtlanta: The Atlanta metropolitan area or metro Atlanta, \tofficially designated by the US Census Bureau as the Atlanta-Sandy \tSprings-Marietta Metro...