Pamal to Acquire Galaxy’s New York Radio Stations
Two New York-based broadcasters have swung a deal. Pamal Broadcasting is acquiring the 10 radio stations owned by Galaxy Media in the Syracuse and Utica markets. The stations – including sports talkers WTLA “ESPN Syracuse” and WRNY/W243DY “ESPN Utica/Rome” – will begin being operated by Pamal tomorrow (10/1) 
under an LMA. The deal is contingent upon FCC approval. The sale of Galaxy’s stations comes a little more than a month after Galaxy founder and CEO Ed Levine announced his plans to retire at year’s end. Levine says, “I have been fortunate to live out a lifelong dream of mine for the past 36 years. Time and life march on. While I will miss Galaxy and Syracuse/Utica, I could not be
happier to hand things off to Pamal Broadcasting.” Pamal is owned by founder James Morrell and he tells Syracuse.com, “With this addition, Pamal stations cover an enormous geography ranging from New York City, Long Island and Northern New Jersey, through the entire Hudson Valley to the Capital District, up to Lake George and now out through Utica and Syracuse. It truly is a great opportunity for us all.” See the Syracuse.com story here.
WRMR-FM, Jacksonville, NC; WMFD-AM, Wilmington, NC; WKXB-FM, Boiling Spring Lakes, NC; WILT-FM, Wrightsville Beach, NC; WAZO-FM, Southport, NC; and translators W269DF-FX and W240AS-FX, Wilmington, NC. KALIL & CO., INC. was the exclusive broker for this transaction.
off – at least for now. That the two media firms were in preliminary talks first broke in early May. As DealBook notes, there is a history between the two companies: “Liberty SiriusXM Group, once an affiliate of John Malone’s media empire, used to hold significant stakes in both companies. Liberty SiriusXM eventually sold its stake in iHeartMedia (primarily a broadcast radio company) and split off its ownership of SiriusXM (primarily a satellite radio company) into a separate entity.”