Clear Channel has announced plans to purchase the venerable AM news/talker WOR 710 from Buckley Radio. Terms of the agreement were not released. A mandatory meeting was held this morning at WOR informing staffers of the dramatic, if not somewhat expected news.
The legendary WOR goes back to the origins of radio, 1922. Since its founding, WOR has had a longstanding commitment to technology and innovation; it was one of the first radio stations in America to use directional antenna to increase the scope and range of its broadcast, was the first AM radio station in New York to broadcast with HD radio technology and is one of the best radio broadcast signals in the U.S.
Change seemed to be on the horizon for Buckley Radio, a “mom and pop” ownership, when president Rick Buckley died after 40 years at the helm in July 2011. Buckley had succeeded his father as head of Buckley Radio.
“WOR is an iconic New York City brand with a rich history and an exciting future,” John Hogan, chairman and CEO of Clear Channel Media and Entertainment, says. “Clear Channel is excited to add WOR as a powerful, high potential complement to our New York brands. We believe WOR makes our already incredible platform even more interesting for listeners, advertisers, and strategic partners and we look forward to the tremendous potential WOR adds to Clear Channel Media and Entertainment New York.”
“For more than 23 years, Buckley Radio has been the steward of one of the most legendary radio stations in broadcasting history and I would like to sincerely thank all of the wonderful people who devoted their time, energy and efforts over the years to WOR Radio,” said Joseph Bilotta, president & CEO, Buckley Radio. “By passing the baton to Clear Channel Media and Entertainment, WOR listeners, advertisers and employees will gain access to the unparalleled resources of a worldwide, multi-dimensional media and entertainment company. We have had a great run with WOR and could not be more confident that it is poised for another great run as part of the Clear Channel Media and Entertainment team.”
Clear Channel currently owns five radio stations in New York: WLTW, WHTZ, WAXQ, WWPR, and WKTU.