Vartv.com, :// RadioRichmond (4M Communications) sells out

RadioRichmond has sold its entire five-station cluster around Richmond for $4M. "Unforgettable 1340" WHAP Hopewell is sold to MainQuad Communications for $200,000. MQ also owns Country "93.1 The Wolf" WJZV Ettrick, "Oldies 107-3" WBBT Powhatan//WARV Petersburg and WCUL/98.9 Midlothian. RadioRichmond's four other stations go to Davidson Media for $3.8M. This is the same group that recently agreed to buy Barnstable's "FOX Sports Radio 1050" WCMS Norfolk. Davidson gets "Unforgettable 990" WLEE Short Pump, "La Selecta 1320" WVNZ Richmond, "TalkRadio 1480" WTOX Glen Allen and Gospel "Rejoice 1540" WREJ Richmond.

Peter Davidson, President of Davidson Media said, "The Richmond acquisition fits perfectly into our growth plans. We are currently in 12 other markets..." Davidson also announced that, "Mike Mazursky, Co-Founder/Co-Owner of 4M Communications, with over 20 years in radio ownership and management, will join Davidson Media Group as market manager of the Virginia properties. Mike's vision to establish a radio group has created RadioRichmond, a 5-station cluster of AM radio stations that is currently serving unique, diverse audiences."

As mentioned with the WCMS story on VARTV, Davidson Media, according to their website, "...operates two types of radio stations. The first are traditionally programmed stations. These broadcast music, local and international news. DMG's programmed stations are generally focused on the Hispanic market and these stations are mostly in Spanish. The second (and the majority) of DMG operations are block programmed radio stations... with local entrepreneurs to turn our station into the true voice of the local immigrant and/or non-English speaker."
Vartv.com (11/22/04)