JAM Media Solutions Announces Acquisition of Outer Banks, North Carolina and Muscatine, Iowa radio stations
East Orange, N.J., June 21, 2018 — JAM Media Solutions, LLC announces its acquisitions of 8 combined media properties in Outer Banks, North Carolina and Muscatine, Iowa. JAM Media Solutions has entered into an agreement to acquire 5 media properties in the Outer Banks, North Carolina which include 4 radio stations, WCMS-FM 94.5, WCXL-FM 104.1, WVOD-FM 99.1, WZPR-FM 92.3, and an online newspaper, “The Outer Banks Voice” from Max Radio of the Carolinas and Hengooch, LLC for a combined purchase price of $1.85 million. JAM Media Solutions also acquired 3 Muscatine, Iowa media properties from Prairie Communications, which includes 2 radio stations, KMCS-FM 93.1, KWPC-FM 95.1, and 1 newspaper, “The Voice of Muscatine” for $965,000.
“It has been an honor to work with the executive teams at Max Media and Prairie Radio to bring these initial acquisitions to fruition. Having worked in radio since 1995, let me state for the record that I believe in the power of local radio. Our goal is to unite local on-air personalities, local salespeople and local advertisers together in an effort to deliver a first-rate experience for our local listeners,” said President and Chief Executive Officer of JAM Media Solutions, Jonathan A. Mason, Sr. “JAM Media Solutions will also be very committed to the local communities in which we exist. A portion of our income will be donated to non-profits dedicated to making a difference in the lives of the people our stations touch. We are thankful for this opportunity and look forward to making the concerns of the listeners our top priority.”
Gene Loving, Chairman and CEO of Max Media said, “We believe Jonathan Mason, and his company JAM Media Solutions will be an important contributor to the Outer Banks community as they invest in the future of these iconic radio stations. Our long time general manager, and Beach 104 morning show host, Mike Smith, told me he has been asked to continue to lead his team for JAM Media Solutions following FCC approval of the ownership transfer, possibly by mid-September.”
Brian Byrnes at Paramount Media Advisors said, “Prairie Radio has been so very fortunate to be a part of the Muscatine community with KMCS-FM and KWPC-AM since 1999. We feel we have continued the good fortune to have sold the stations to Jonathan Mason who comes to Muscatine with an extensive radio background. We know for certain that the community traditions of KMCS and KWPC will continue and grow under Jonathan’s leadership.”
The Mahlman Company represented the buyer in the MAX Media and Hengooch transaction. Bill Kehlbeck is the Broker. Paramount Media Advisors represented the seller in the Prairie Radio Group transaction. Brian Byrnes is the broker.
About JAM Media Solutions, LLC
JAM Media Solutions initially began as a strategic media planning and buying agency that connects clients with media influencers across the world through tried and true advertising methods. JAM Media delivers ROI-based marketing campaigns for clients. JAM Media has now ventured outside of its media-buying roots into radio broadcast ownership.