Woodward Communications, Inc. announced the sale of its Waterloo/Cedar Falls, IA radio stations, KOKZ-FM; KFMW-FM, KXEL-AM and KWLO-AM, to NRG Media LLC based in Cedar Rapids, IA. However, it will take approximately 90 days to close the sale, which is typical, due to FCC (Federal Communications Commission) review and approval.
“WCI is pleased to be able to transition the Waterloo/Cedar Falls Radio Group to NRG, a well-known, community-oriented radio broadcast company with a great Midwestern culture and presence", said Tom Woodward, WCI CEO/President. "Our strategic plans and related growth goals positioned the sale of the Waterloo properties and we salute the loyal, talented and dedicated staff we were fortunate to work with. We will continue to operate, grow and enhance our award-winning, seven station radio group in the Appleton/Green Bay, Wisconsin markets which we've owned since the late 70's."