May 16, 2009

106.7 WAMO and Black Radio IS Dead in Pittsburgh, Sheridan Broadcasting Sells

Looks like Pittsburgh's Urban Stations won't have to pay for a Performance Royality Tax; Because there won't be any Urban stations there in a couple of months.

After 36 years of ownership, Sheridan Broadcasting Corporation has decided to sell WAMO-FM 106.7 and WAMO-AM 860 to St. Joseph Missions, a religious broadcaster, for $8.9 million. Also included in the package is WPGR-AM 1510, which was acquired by Sheridan in 2001.

106.7 WAMO (FM) is the Hip-Hop and R&B music station in PGH, while WAMO-AM 860 plays a mixture of smooth R&B and classic soul music and is the home base for Pittsburgh native, Bev Smith's talk show. WPGR-AM 1510 plays gospel music.

Did Sheridan Broadcasting decide to sell now, due to the impeding Performance Royalty Tax legislation?

The announcement was made during a full staff meeting on Friday afternoon (May 15) by CEO Ronald Davenport Sr. His son Ronald Davenport, Jr. is President/General Manager of the stations. Sheridan will keep its AURN radio network business in Pittsburgh, but all of the 35 full and part-time employees of WAMO AM/FM and WPGH will exit as the stations are expected to change to some kind of Catholic religious format under new ownership.

Sheridan is the principal owner of the American Urban Radio Networks, which supplies AUN News with White House correspondent April Ryan (the only African-American broadcaster with a bureau in the White House), Black College Sports, "The Bev Smith Show" and the "The Light" Gospel music service to many Black stations across the country.
FCC approval of the sale is expected within the next 90 days.
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