Talking Stick Communications announced it sold WAOR ESPN Radio 95.7 FM to St. Joseph Catholic Radio Group Wednesday, May 14.
St. Joseph Catholic Radio Group, which operates non-profit Catholic Radio apostolate Redeemer Radio WLYV 1450 AM, purchased the station for $925,000, according to radioinsight.com.
"Redeemer Radio Michiana will be a local Catholic radio apostolate,“ Dave Stevens, executive director of Redeemer Radio, said in a statement. ”We will have local offices and staff, and focus on serving the greater Michiana area — explaining and promoting the Catholic faith and thus seek to change lives. Listeners will hear about events and information from their parishes and area priests, and they will be able to listen to local and national speakers who inspire and teach about the faith. As a 501C3 non-profit, we’ll promote other Catholic non-profits and many pro-life organizations free of charge.”
The sale is subject to FCC approval, which is expected in 90 to 120 days. Both organizations signed a Local Operating Agreement, allowing Redeemer Radio to begin operating 95.7 FM prior to final regulatory approval.
“As hard as the decision was to sell 95.7 FM, we are very pleased that the station will be owned by such a local community oriented organization,” Talking Stick Communications CFO John Lapehn said in a statement. “In the last several months we’ve learned of the effective work and tremendous growth that Redeemer Radio has had in the Fort Wayne area over the last eight years and we are glad we can help them expand their footprint throughout the entire diocese.”
Talking Stick Communications will retain the call letters WAOR.