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WJJZ-FM, PHILADELPHIA, TO BE SOLD TO PYRAMID BROADCASTING

 CLEVELAND, Jan. 11 /PRNewswire/ -- Malrite Communications Group, Inc. announced today that it had entered into an agreement, on behalf of Malrite Guaranteed Broadcast Partners, L.P., to sell WJJZ-FM, Philadelphia, to Pyramid Broadcasting. Pyramid is the owner of nine radio stations including WYXR-FM in Philadelphia.
 WJJZ-FM is the principal asset of a public limited partnership, and the sale is part of the planned liquidation of the partnership. The sale is subject to regulatory approval and the approval of Delaware Chancery Court.
 -0- 1/11/94
 /CONTACT: Kevan A. Fight of Malrite Communications Group, 216-781-3010/


CO: Malrite Communications Group; WJJZ-FM; Pyramid Broadcasting ST: Ohio, Pennsylvania IN: ENT SU: TNM

KL-CM -- CL021 -- 1170 01/11/94 17:38 EST
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Publication:PR Newswire
Date:Jan 11, 1994
Words:117
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