September 5, 2014

Buckley Sells KWAV(FM) Monterey to Mapleton Communications

In a deal which closed today, Mapleton Communications is purchasing Monterey FM KWAV (96.9), from Buckley Communications Inc.

Terms of the agreement were not disclosed.

Joe Bilotta, Buckley President & CEO said, "Our ability to compete in the highly consolidated Monterey-Salinas market with a free standing FM was a signi´Čücant reason to entertain and eventually sell KWAV to Mapleton Communications. With this acquisition, Mapleton will be even more of an impact player in the Monterey market and they are very excited to have the Buckley station as part of their growing cluster and company.

For over 30 years, we have owned this wonderful facility and want to extend a heartfelt thanks to the many people who have contributed to our success... Employees, Advertisers and Loyal Listeners."

Mapleton owns KPIG, KKHK, KCDU, KHIP and KBOQ.

Jim Shea, Mapleton President & CEO said, "I have always admired KWAV. They have been great competitors and l am truly thrilled for the opportunity to work with them."

Dick Foreman of Richard A. Foreman Associates, lnc., represented Buckley in the transaction.