Lincoln National : Greater Media and Lincoln Financial Group Close Sale of Charlotte Radio Properties
01/31/2008| 05:02pm US/Eastern
BOSTON and PHILADELPHIA, Jan. 31 /PRNewswire/ -- Greater Media, Inc. and
Lincoln Financial Group (NYSE: LNC) today announced that Greater Media has
completed its acquisition of Lincoln Financial Group's Charlotte-based radio
cluster. The radio properties include AM/FM news/talk simulcast 1110 WBT-AM &
99.3 WBT-FM and 107.9 WLNK-FM, home of the nationally-syndicated "The Bob and
Sheri Show." The cluster will now be called Greater Media Charlotte.
"We are delighted to add the Charlotte stations to the Greater Media
portfolio," said Greater Media President and CEO Peter H. Smyth. "But even
more important, we appreciate the warm welcome we have received from the
Charlotte employees and the community. We anticipate a seamless transition."
"Given the chance to hand-pick a company for our people, I would have
chosen Greater Media," said Rick Jackson, Senior Vice President and General
Manager of WBT and WLNK. "We're all looking forward to being a part of the
Greater Media family."
About Greater Media, Inc.
Greater Media, Inc. is the parent company of 23 AM and FM radio stations
in the Boston, Charlotte, Detroit, New Jersey and Philadelphia markets. It
also owns a modern printing plant and a group of weekly newspapers in central
New Jersey as well as several telecommunications towers located throughout the
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National
Corporation (NYSE: LNC) and its affiliates. With headquarters in Philadelphia,
the companies of Lincoln Financial Group had assets under management of $251
billion as of September 30, 2007. Through its affiliated companies, Lincoln
Financial Group offers: annuities; life, group life and disability insurance;
401(k) and 403(b) plans; savings plans; mutual funds; managed accounts;
institutional investments; and comprehensive financial planning and advisory
services. Affiliates also include: Delaware Investments, the marketing name
for Delaware Management Holdings, Inc. and its subsidiaries, and Lincoln UK.
For more information, including a copy of our most recent SEC reports
containing our balance sheets, please visit www.LincolnFinancial.com.
SOURCE Greater Media Philadelphia