Davidson Spins Four   - March 26, 2007

Radio Business Report

Saying he wants to concentrate on stations where he's established Hispanic formats, Peter Davidson and his Davidson Media Group are selling off some radio properties. The total value of the package, according to broker John Pierce, is 7.1M. Pierce handled the sale of WDJR-AM Detroit, WCXN-AM Charlotte (Hickory NC) and KXLQ-AM Des Moines IA to Sima Birach, who gets a third station in Motown and a new territory via the other two. Broker Michael Bergner also had a hand in moving WAKX-FM Providence (Narragansett Pier RI) to noncommercial Ocean State Public Radio. But wait, there's more. Ocean State, which according to reports out of New England, is changing its name to Rhode Island Public Radio, and is also said to be acquiring non-com AM WRNI-AM from Boston College's WBUR-FM. WBUR-FM will hang around for five years to provide program and engineering services, and will receive 2M for the station spread out over 10 years. Both WRNI-AM and WAKX-FM will affiliate with National Public Radio.