310:. In order to fund the Aurora acquisition and to accomplish an overall recapitalization of the company, Nassau initiated the process to take the company public in early 2000. During the process of executing the IPO, the Dow Industrial Average dropped approximately 30% and the company cancelled the IPO. The Aurora deal was cancelled that fall.
84:. On October 13, 2011 Nassau Broadcasting entered Chapter 11 bankruptcy protection after their senior lenders petitioned for an involuntary Chapter 7 liquidation in September. The stations were auctioned to various bidders in May 2012 subject to bankruptcy judge and FCC approval. Nassau's last station,
461:
On June 30, 2011 Inside Radio reported that Nassau had retained LCT Capital as financial adviser for a restructuring in which Nassau would raise money to reacquire the company from its lenders for $ 52 million, about 20 percent of the estimated $ 258.1 million owed. Nassau would sell its New
England
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market. In 2005, the company swapped formats on its two
Trenton FM stations (WPST, CHR format and WTHK, classic rock format). During this time period, by changing the city of license on 97.5 FM and making application to the FCC for a change of transmitter location, Nassau received approval from the
127:
In 1986, Louis F. Mercatanti, a successful New Jersey entrepreneur, acquired Nassau
Broadcasting from Hobler. Mercatanti continued to operate Nassau as a two-station radio group until 1993, when the FCC raised the limits for the number of radio stations that any one company could own in a particular
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Also in 2001, Nassau signed on WCHR FM in
Monmouth County. That station employed a classic hits format but was eventually also sold to Millennium Radio Group, LLC. Nassau was down to WHWH, WJHR, WCHR, WNJO, WPST, WVPO, WPMR, and WSBG. Except for WPST, Nassau's FM stations all had rock-based classic
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petition was filed by Nassau's lenders that, if granted, would force the company to sell off its assets. On
October 6, 2011, Nassau petitioned the US Bankruptcy court to convert the Chapter 7 petition to Chapter 11 which would permit the stations to continue operating while Nassau reorganized its
332:. But when Clear Channel merged with AM/FM, they agreed to give Nassau WEEX and WODE plus some cash in exchange for WNNJ, WNNJ-FM, WSUS, and WHCY. Clear Channel also would get management contracts to run WDLC and WTSX. Nassau would keep LMAs for WVPO, WSBG, and WPMR (later
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On
February 9, 2012 Nassau has petitioned the bankruptcy judge to allow them to sell off all of their broadcast assets, including all of its stations. The auction concluded in May 2012 with the stations split between various bidders. Nassau's last remaining station,
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In 2004, former
Citigroup Media investment banker Tristram Collins joined Nassau as its Sr. Executive Vice President to help Louis Mercatanti grow and operate the company through a series of acquisitions. Nassau expanded significantly through acquisition in 2004 in
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respectively, to
Multicultural Radio Broadcasting, Inc. Nassau began managing these properties pursuant to an LMA in November 1998. In 2000, WSBG ultimately dropped its Hot AC format in favor of an 80's and 90's based pop adult rock format.
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So in
February 2001, the Sussex County cluster of stations would become Clear Channel stations. Nassau also sold the Monmouth County stations including WBBO, WJLK, WADB, and WOBM-AM-FM to Millennium Radio Group, LLC, which also owns
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giving the latter 85% ownership of the company. Although Nassau would continue to operate the stations, the change of control ended Nassau's grandfathered status regarding how many stations per market it could own. WHXR in the
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On August 25, 2000, WHCY dropped its country music format in favor of CHR and became known as "Max 106.3". WSBG dropped its Hot AC format in favor of an 80's and 90's based pop adult rock format.
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Nassau also had sales pending to Access.1 Broadcasting of WVPO, WPLY, WSBG, WWYY, WODE, WEEX, WBYN, WTKZ, and WFKB. In
December, 2006, this sale had not been consummated and was cancelled.
395:. Nassau agreed to maintain the religious format and moved the format to one of its local AM stations, WYNS, which was renamed WBYN AM. Nassau then launched its new classic hits format
60:. The company was owned and headed by Louis F. Mercatanti. Nassau was predominantly an operator of radio stations in medium and small markets. Nassau formerly owned radio station
554:(106.7 FM) North Windham — Catholic radio (operated by The Presence Radio Network; had simulcast rock with WHXR until 2010; now owned by The Presence Radio Network outright)
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hits formats of some sort. AM stations had formats such as talk, oldies, or sports. WVPO was flipped to oldies from MOR/Standards. WPST was and still is a CHR station.
221:. Early in 1997 WNNJ-FM dropped its Hot AC format in favor of a pop-leaning classic rock format known as Classic Hits. WNNJ would drop Satellite Oldies in favor of
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radio station, rather than a Trenton station. Nassau sold 97.5 FM WTHK to Greater Media, Inc. in exchange for cash and Greater Media's station WKLB 99.5 FM in
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format. WPST was one of the most successful medium market stations in the country. Until the early 1990s WPST and WHWH were the only stations owned by Nassau.
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area. The religious format that was on WCHR FM moved to the AM station which was renamed WCHR AM, while the FM station at 94.5 (formerly WCHR FM) became
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suburb, and located in the Boston market, the 11th largest radio market in the US, according to BIA Financial Network. However that station was sold to
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radio markets. This station would for a few years remain a country music station. Shortly afterward, Nassau went on a buying spree of radio stations.
816:(102.3 FM) Concord - Classic Rock (operated under LMA with Capitol Broadcasting from 2005 to August 22, 2008. Never owned by Nassau outright.)
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in 2009. Nassau operated radio stations in substantially all of the major formats. The company's most common format was
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In March 2000, Nassau signed definitive agreements to acquire Aurora Broadcasting. Aurora operated stations in southern
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897:(1360 AM) Newton — Standards/Oldies/MOR (sold to Clear Channel in 2001; now owned by Central Biblico of New Jersey as
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and the Sussex County markets, while WDLC served Port Jervis. At the end of 1997, Nassau also bought locally owned
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976:(96.7 FM) — Oldies (now owned by Sunrise becoming Hot AC/Variety Hits, then Country, and now Variety Hits/Hot AC)
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on March 6, 2014, as the station had not broadcast for over a year; WPLY had left the air on June 27, 2011.
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market of New Hampshire were to be placed in a divestiture trust and sold, in an arrangement similar to the
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format of WCRB as part of the transaction, and Nassau migrated this classical format onto 99.5 FM. 97.5 FM
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1019:(960 AM) Mount Pocono — Talk (defunct, went silent on June 27, 2011; license canceled on March 6, 2014)
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stations, while WOBM-FM remained an adult contemporary station. WJLK-FM became a pop alternative-based
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925:(104.9 FM) Egg Harbor — Country 2003, Smooth Jazz 2003-04 (now owned by Townsquare Media as hot AC
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format in early 1996, moving back to top 40 later that year. The station then evolved to more of a
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728:(101.5 FM) Meredith - Classic Rock (now owned by Lakes Media as a soft adult contemporary station)
716:(98.3 FM) Laconia - Adult Contemporary (now owned by WBIN Media Company as a classic hits station)
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and flipped WTSX to oldies from adult contemporary and WDLC to standards from oldies. WTSX served
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1099:(92.1 FM) Derby Center — Adult Contemporary (now owned by Vermont Broadcast Associates, Inc.)
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On April 27, 2009 Mercatanti announced that a debt-to-equity agreement had been reached with
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FCC to move its 97.5 FM signal (which became WTHK FM after the format migration) to become a
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588:(106.9 FM) Thomaston — Classical (now owned by WBIN Media Company as a classic hits station)
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in early 2004, and later that year, Nassau added more stations in New Hampshire and also in
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1001:(107.5 FM) — Classic Hits (now religious; never owned by Nassau but managed through an LMA)
536:(1470 AM) Lewiston - Sports/Oldies (now owned by Bob Bittner as an adult standards station)
206:. Nassau operated these stations pursuant to a Local Marketing Agreement (LMA) until 2002.
594:(105.5 FM) Islesboro — Classic Hits (now owned by WBIN Media Company as a country station)
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station. In the spring of 1997 WBBO left the WJLK simulcast and became B 98, employing a
542:(870 AM) Gorham - Sports/oldies (now owned by Bob Bittner as an adult standards station)
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radio and real estate holdings by the end of 2012 as part of the reacquisition effort.
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New Jersey 101.5, a talk station weekdays with a 70's based oldies format on weekends.
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Nassau Chap. 11 auction ends with creditor Goldman Sachs keeping some big FMs
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883:(94.5 FM until 2005; 97.5 FM 2005–2006) Trenton — Classic Rock (now Sports
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810:(99.1 FM) Henniker — Adult Contemporary (now owned by WBIN Media Company)
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798:(106.3 FM) Nashua — Adult Contemporary (now owned by WBIN Media Company)
765:(104.3 FM) Hartford, VT - Oldies (now owned by Great Eastern Radio as a
1055:(100.7 FM) Wilmington — Classic Rock (now owned by Great Eastern Radio)
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became Smooth Jazz WJJZ, a format abandoned on 106.1 by Clear Channel.
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Nassau Broadcasting was founded by Herb Hobler with the acquisition of
747:(106.1 FM) Claremont - Classic Rock (now owned by Great Eastern Radio)
530:(106.3 FM) Scarborough - Active rock (now owned by WBIN Media Company)
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1112:(101.5 FM) Brandon — Classic Rock (now owned by Radio Vermont Group)
855:(105.7 FM) Toms River — Classic Hits (now owned by Townsquare Media)
524:(107.5 FM) Lewiston - Classic Hits (now owned by WBIN Media Company)
514:(104.7 FM) Kennebunk - Classical (now owned by Mainestream Media as
1233:"Notification of Suspension of Operations / Request for Silent STA"
1025:(93.5 FM) Stroudsburg - Hot AC (now owned by Seven Mountains Media)
508:(99.3 FM) Kennebunkport — Country (now owned by WBIN Media Company)
1068:(107.1 FM) Barre — Classic Hits (now owned by Great Eastern Radio)
1013:(97.5 FM) Philadelphia - Sports (now owned by Beasley Media Group)
785:(107.1 FM) Bellows Falls, VT - Country (now owned by Binnie Media)
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Webcast for June 30, 2011, Hosted by Kelly Ortiz, insideradio.com
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873:(1040 AM) Flemington — Religious (now owned by Connoisseur Media)
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704:(1490 AM) Laconia — News/Talk (now owned by WBIN Media Company)
680:(93.5 FM) Harwich Port — Adult Hits (now owned by Codcomm Inc.)
631:(106.9 FM) Myersville (now owned by Manning Broadcasting, Inc.)
612:(103.1 FM) Middletown (now owned by Manning Broadcasting, Inc.)
1080:(100.9 FM) Berlin — Country (now owned by Great Eastern Radio)
829:(98.5 FM) Toms River — CHR (now owned by Press Communications)
722:(93.3 FM) Belmont - Country (now owned by WBIN Media Partners)
710:(104.9 FM) Wolfeboro - Classic Rock (now owned by Lakes Media)
666:(101.1 FM) Mashpee — Adult Hits (now owned by Codcomm Inc. as
625:(1490 AM) Hagerstown (now owned by Manning Broadcasting, Inc.)
299:, which was and still is an adult contemporary radio station.
962:(These stations were LMAs and never owned by Nassau outright)
804:(105.5 FM) Concord — Top 40 (now owned by WBIN Media Company)
741:(96.3 FM) Walpole - Oldies (now owned by Great Eastern Media)
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station in 1997. In the spring of 1996, Nassau acquired then-
1163:
Nassau Broadcasting Faces Involuntary Bankruptcy in Delaware
947:(107.1 FM) Belvidere — Rock (Now owned by Connoisseur Media)
779:(95.3 FM) Hartford, VT - Country (now owned by Binnie Media)
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market station with the call sign WJKS and a country format)
686:(102.9 FM) Hyannis — Active Rock (now owned by Codcomm Inc.)
548:(99.9 FM) Auburn - Country (now owned by WBIN Media Company)
907:(103.7 FM) Newton — Classic Hits (now owned by iHeartMedia)
92:, lost its license in 2014 after having shut down in 2011.
1290:
Defunct radio broadcasting companies of the United States
1177:, Radio & Television Business Report, October 6, 2011
1074:(1450 AM) Barre — Talk (now owned by Great Eastern Radio)
919:(92.7 FM) Toms River — AC (now owned by Townsquare Media)
861:(106.3 FM) Blairstown — CHR (now owned by Clear Channel )
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Nassau has also recently made a number of changes in the
753:(910 AM) White River Junction, VT - Sports (now defunct)
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In the summer of 2000, Nassau agreed to buy Oldies 99.9
225:, a satellite-based pop standards/oldies hybrid format.
935:(94.5 FM) Trenton — CHR (now owned by Townsquare Media)
941:(102.3 FM) Franklin — AC (now owned by iHeartMedia)
217:(now WNNJ) in the Sussex County market licensed to
112:format. WHWH-FM was eventually launched and became
454:and the Last Bastion Station Trust established by
376:through a purchase of two FM and an AM station in
970:(1490 AM) — Oldies (owned by Sunrise and Sports)
835:(1310 AM) Asbury Park — Standards (now owned by
131:In 1994, Nassau acquired then-Top 40/Rock 93.5
8:
1151:Nassau Broadcasting's lenders lower the boom
1153:, Radio Business Report, September 16, 2011
845:(920 AM) Trenton — Religious (now owned by
649:(99.5 FM) Lowell — Classical (now owned by
399:and renamed the former WBYN FM to WFKB FM.
336:), and eventually buy them back outright.
179:, which served Stroudsburg as well as the
1300:Mass media companies established in 1975
1295:Companies based in Princeton, New Jersey
228:In 1997, Nassau bought AM stations 1160
209:At the end of 1996 Nassau acquired 1360
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108:. That station employed a full-service
1132:. Fybush.com. Retrieved on 2014-04-12.
891:, currently owned by Townsquare Media)
252:, and WQNJ (which became WBBO and now
155:format late in 1997 and flipped to an
1130:NorthEast Radio Watch by Scott Fybush
356:. Nassau first acquired stations in
7:
256:). AM stations WOBM and WADB became
116:on 97.5 FM by 1975. WPST employed a
1201:"In re: WPLY(AM), Mount Pocono, PA"
415:. Nassau also received the Boston
25:
1241:Federal Communications Commission
1212:Federal Communications Commission
1199:Doyle, Peter H. (March 6, 2014).
484:Federal Communications Commission
465:In September 2011 an involuntary
384:. Nassau also added stations in
438:market and WNNH and WWHQ in the
27:American radio broadcast company
1165:, Bloomberg, September 15, 2011
1175:Nassau seeks Chapter 11, not 7
273:East Stroudsburg, Pennsylvania
159:format in 2000. WVPO became a
147:. WSBG eventually segued to a
1:
37:that owned radio stations in
1285:Nassau Broadcasting Partners
1266:Nassau Broadcasting Partners
330:Clear Channel Communications
31:Nassau Broadcasting Partners
1189:Radio-Info.com, May 4, 2012
887:, and formerly Smooth Jazz
651:WGBH Educational Foundation
279:Nassau also began managing
238:Monmouth County, New Jersey
190:94.5 FM and sports station
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1060:Montpelier-Barre-Waterbury
480:Mount Pocono, Pennsylvania
90:Mount Pocono, Pennsylvania
33:LP was a company based in
790:Manchester-Nashua-Concord
733:Lebanon-Claremont-Hanover
409:metropolitan Philadelphia
181:Sussex County, New Jersey
145:Stroudsburg, Pennsylvania
490:Former Nassau stations
177:Blairstown, New Jersey
482:, was deleted by the
393:Reading, Pennsylvania
372:footprint to include
289:Port Jervis, New York
106:Princeton, New Jersey
35:Princeton, New Jersey
467:Chapter 7 bankruptcy
456:Citadel Broadcasting
293:Middletown, New York
448:Aloha Station Trust
404:Trenton, New Jersey
18:Nassau Broadcasting
1237:CDBS Public Access
1208:CDBS Public Access
306:state and western
242:adult contemporary
219:Newton, New Jersey
137:adult contemporary
500:Portland/Lewiston
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354:New England
308:Connecticut
39:New England
1279:Categories
1117:References
1047:Bennington
821:New Jersey
767:Burlington
617:Hagerstown
559:Bar Harbor
470:finances.
382:Hagerstown
370:East Coast
157:adult rock
54:New Jersey
1247:March 13,
1217:March 13,
604:Frederick
580:Mid-Coast
378:Frederick
244:stations
232:and 1310
135:and then-
952:New York
670:station
658:Cape Cod
599:Maryland
571:station
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374:Maryland
304:New York
268:format.
223:Stardust
202:station
128:market.
104:1350 in
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1085:Newport
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1011:WPEN-FM
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440:Concord
366:Vermont
324:in the
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215:WNNJ-FM
196:Trenton
120:-based
96:History
66:Waltham
668:top 40
641:Boston
516:top 40
413:Boston
262:Hot AC
200:oldies
153:Hot AC
122:Top 40
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495:Maine
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1249:2014
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211:WNNJ
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141:WVPO
139:840
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118:rock
114:WPST
102:WHWH
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68:, a
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