Two area radio stations are back in the hands of local owners after being purchased at an auction last week, Manning Broadcasting President Gene Manning confirmed Tuesday.
Manning Broadcasting was the successful bidder for three stations, including two it once owned, WWEG-FM and WARK-AM, according to a notice from the U.S. Bankruptcy Court for the District of Delaware.
Manning Broadcasting Inc. of Hagerstown sold WARX-FM and WARK-AM in 2005 to Nassau Broadcasting Partners of Princeton, N.J., for approximately $18 million, according to a previously published report inThe Herald-Mail. WARX later became WWEG-FM 106.9 The Eagle.
“The company, Nassau Broadcasting that is, was forced into bankruptcy by its creditors,” Manning said.
On May 3 in Wilmington, Del., Manning Broadcasting submitted a successful bid of $6.4 million for those stations and WAFY-FM of Frederick, he said.