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Light Media Enters Into Agreement to Acquire Power 105.5 FM
Published Mar 7 2011
3 min read

Light Media Enters Into Agreement to Acquire Power 105.5 FM

     

 FOR IMMEDIATE RELEASE

 

Light Media Enters Into Agreement To Acquire: Power 105.5 FM (WZBN) (Metro Albany, Georgia)”

 March 7, 2011. Atlanta.  Light Media (OTC: LGMH) announced today that it has entered into an Agreement with Extreme Media to acquire: Power 105.5 FM (WZBN). Power 105.5 (WZBN) is situated in South Georgia, serving the Albany Metropolitan Statistical Area comprising of approximately 165,400 residents.  Key Media conglomerates: ClearChannel Communications and Cumulus Media operate Arbitron-rated #1 and #2 R&B Hip-Hop media properties (96.3 FM-WJIZ) and (101.7 FM-WQVE), respectively, in the vibrant Metro Albany, Georgia area in addition to Power 105.5.  Power 105.5 FM currently plays an Urban Hip-Hop/Rap format and is ranked as one of the top radio stations in the Metro Albany, Georgia market.  Gal. 6:9.  Terms of the transaction are undisclosed.

 

 

 

 

About Albany, GA:

 

Founded by Connecticut Businessman, Nelson Tift, the City of Albany, GA was Incorporated in December 27, 1838.  According to the United States Census Bureau, the Albany, Georgia Metropolitan Statistical Area (MSA) had an estimated population of 165,400 and ranked #234 in the U.S.  The MSA consists of Dougherty, Terrell, Lee, Worth, and Baker Counties. The racial makeup is: 64.80% African American and Black, 33.21% White, 0.21% Native American, 0.60% Asian, 0.03% Pacific Islander, 0.45% from other races, and 0.71% from two or more races. Hispanic or Latino of any race were 1.23% of the population.  Health care, education and the Marine Corps Logistics Base Albany are the largest employers. Manufacturing, transportation, and retail trade are also important foundations of Albany's economy and the city acts as a hub for commerce in southwest Georgia. 

 

Albany is the birthplace of legendary recording artist: Ray Charles.

 

 

 

 

About Light Media:

 

Light Media (OTC: “LGMH”), Inspirational Media Specialist, via its integrated portfolio platform partners targets the youth, young adult and adult/family demographic for inspirational media and entertainment that uplifts the community 24/7.  For more info., please visit: www.LightMediaHoldings.com

Cautionary Note Regarding Forward-Looking Statements:

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.  Those statements include statements regarding the intent, belief or current expectations of Light Media (OTC: “LGMH”) and members of its management as well as the assumptions on which such statements are based.  Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.