Big City New York ‘La Rumba’ Sold.
December 6, 2002
Big City Radio, Inc. announced that it has entered into a definitive asset purchase agreement to sell its New York radio stations (WYNY-FM, WWZY-FM, WWXY-FM and WWYY-FM) to Nassau Broadcasting Holdings, Inc. for $43 million of cash.
The transaction is subject to closing conditions, including the initial grant of approval by the FCC.
The sale of the New York stations to Nassau Broadcasting is being undertaken in accordance with Big City Radio’s previously announced auction of all of its radio stations.
