FRB Group to be formed to purchase two radio stations

Long established radio group in Virginia. Strong community involvement with local and regional advertising support including local high school sports. Stations have positive cash flow and with the sale conveys studio and transmitter buildings, towers, antennas and all land associated with both sites.  The plan is to grow digital media including streaming, podcasting and geofencing which can add 15-20% to topline revenue. Introduce the use of AI at the station to save operational costs. Expense can be trimmed by 25% immediately. Ownership group includes owner with 18 years in leadership positions in radio and 27 years in sales and media agency running $35 million dollar programs. Other members of the team include radio format programmer with 40 years of experience and   sales director with 20 years in radio and 13 years at Livenation. Thank you for reading and look forward to your partnership.