Sconnix Broadcasting of Tysons, Va., has agreed to sell WQSR-FM (105.7) in Catonsville and WBMD-AM (750) in Baltimore to Boston-based American Radio Systems (ARS).
The sale of WQSR, Baltimore's "Good Time Oldies Station," and sister station WBMD, will generate $39 million for Sconnix.
The sale will not affect either station's format, according to Brad Murray, the stations' vice president and general manager. WQSR was ranked No. 2 in the winter 1994 ratings for adults ages 25 to 54. WBMD offers Christian programming.
"American Radio Systems bought us for what we are," says Mr. Murray, "and we're looking forward to working with them."
David Pearlman, an ARS official, says no personnel changes would be instituted as a result of the sale.
"We look forward to building on the stations' tremendous listener loyalty and strong advertiser acceptance to achieve ongoing gains in revenues and ratings," says Mr. Pearlman.
The sale has been finalized, according to Mr. Murray, and is now awaiting approval from the Federal Communications Commission.