CBC/AAHS SIGNS PURCHASE AGREEMENT FOR PHILADELPHIA STATION.MINNEAPOLIS--(BUSINESS WIRE)--June 18, 1996-- Children's Broadcasting Corporation (CBC (1) (Cell Broadcast Center) See cell broadcast. (2) (Cipher Block Chaining) In cryptography, a mode of operation that combines the ciphertext of one block with the plaintext of the next block. , Nasdaq National Market: AAHS AAHS American Aviation Historical Society AAHS Aromatic Acid: H+ Symporter AAHS American Association for Hand Surgery AAHS Athens Area High School (Pennsylvania) AAHS Ambridge Area High School (Pennsylvania) ) announced today that it has signed a purchase agreement to buy WPWA-AM 1590, licensed to the city of Chester, PA, and currently owned by Lloyd B. Roach, Inc. The aggregate purchase price of the station is $1,300,000. WPWA, which reaches the greater Philadelphia area, will be the sixth top ten radio market where CBC will own and operate a radio station devoted to the Radio AAHS History Radio AAHS (sometimes misspelled as "Radio Oz") was a radio network managed by the Children's Broadcasting Corporation. Its flagship station was WWTC-AM in Minneapolis. At its height in 1996, Radio AAHS had 29 affilliates across the nation. (R) format. The parties expect to close on the transaction on or about October 1, 1996, subject to customary closing conditions, including but not limited to, approval of the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. . "We have had reports that WJDM-AM 1660, our New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Radio AAHS(R) station, has been heard in the Philadelphia area, but we are thrilled to now be bringing Philadelphians an AAHS(TM) station of their very own," said Christopher T. Dahl, CBC president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . With WPWA, Radio AAHS(R) will be available to approximately 37 percent of the country. Additionally, as of July 15, Radio AAHS(R) will be heard nationally and internationally, in real-time over the Internet. CBC recently signed an agreement with NetRadio Network(TM) to incorporate the Radio AAHS(R) format into NetRadio's website at http://www.netradio.net. Children's Broadcasting Corporation's Radio AAHS(R) is an award-winning radio programming mix of music, news, stories and games, produced and distributed for children age 12 and under and their parents. The Company's Radio AAHS(R) format, which broadcasts via satellite from its flagship station WWTC-AM in Minneapolis is currently available to approximately 35 percent of the country. Radio AAHS(R) has an affiliated network of 28 stations, including company owned or operated stations in New York, Los Angeles, Dallas, Detroit, Minneapolis, Kansas City and Denver. It is the only live, 24-hour radio network for children and their families in the United States providing programming that includes shows from Disneyland, Walt Disney World Noun 1. Walt Disney World - a large amusement park established in 1971 to the southwest of Orlando Orlando - a city in central Florida; site of Walt Disney World and "What's Up? with Evan Roberts" from Long Island, NY. To date, CBC has developed strategic relationships with Disney, ABC Radio Networks and Time Warner, Inc. The Radio AAHS(R) website can be found at http://www.radio-aahs.com, and as of July 15, with full audio via NetRadio at http://www.netradio.net. CONTACT: Joy Plaschko, CBC, 612-330-9524 |
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