The Bois Forte Band of Chippewa have found a buyer for Variety “End of the Road Radio” 1450 WELY and 94.5 WELY-FM Ely MN months after the tribe intended to shut the stations down.
Mike Oberg’s Zoe Communications will acquire the stations for $130,000. However, the stations will go silent on Thursday, December 1 until the closing of the license transfers as the company will need to relocate the station’s studios out of the building being retained by the tribe.
The Bois Forte had intended to shut down the stations on June 1 after losing $1.7 million in the 17 years they owned them. The sign-offs were delayed to September 1 and then December 1 as they sought a buyer for the properties.
Zoe owns eleven stations in Northwestern Wisconsin with three in the process of being sold to Civic Media.
https://radioinsight.com/headlines/245590/after-planned-shutdown-buyer-found-for-wely/
Lance Venta, RadioInsight (2022-11-29)