K-LOVE Inc. Closes on Acquisition of WZBA in Baltimore

[contracteng]

K-LOVE, Inc. has closed on its previously announced acquisition of Classic Rock WZBA-FM (100.7 The Bay) and two associated FM translators serving the Baltimore market from Shamrock Communications.

The transaction includes WZBA-FM (100.7 MHz) licensed to Westminster, MD, along with translators W261CD (100.1 MHz) in Baltimore and W298CG (107.5 MHz) in Bel Air. Financial terms of the deal were not disclosed.

WZBA-FM operates with 25,000 watts at 689 feet HAAT, while the translators operate with 2 watts and 250 watts, respectively.

Shamrock Communications is a Pennsylvania-based broadcaster led by Acting CEO Diane Sutter. In addition to the Maryland stations, the company owns radio properties in the Scranton, PA, and Las Vegas, NV.

The buyer, K-LOVE, Inc., is a Tennessee-based nonprofit organization headed by CEO Tom Stultz. The company owns or operates radio stations in all 50 states and is one of the nation's largest Christian radio broadcasters.

Kalil & Co., Inc. served as the exclusive broker for the transaction.