WAFY sold to N.J. broadcast company
Nov. 5, 2004
Kevin M. Smith
Staff Writer

Key 103.1 WAFY, a locally owned adult contemporary FM radio station, has been sold to a New Jersey broadcast company.

Pending approval from the Federal Communications Commission, WAFY of Frederick will be owned and operated by Nassau Broadcasting Partners LP of Princeton, as of Jan. 1.

Nassau owns 46 radio stations in six states, Maine, Vermont, Pennsylvania, New Hampshire and New Jersey; WAFY is its first station south of the Mason-Dixon line.

Neither Nassau nor WAFY officials would comment on the sales price.

Barbara Marmet, the president and principal owner of WAFY's owner, Frederick Broadcasting, put the 1,000-watt station on the air in 1990. With the sale, Marmet leaves radio ownership.

Her son Rob Marmet, the station's general manager, said Lou Mercatanti, president and chairman of Nassau Broadcasting, visited WAFY last week to assure the staff that no changes were planned.

"The chances of change [to the format or staff] were zero to none," Rob Marmet said Mercatanti told the staff.

"They appeared to be the perfect group to carry on the concept that has been so successful in serving needs of the businesses and listeners in Frederick," Marmet said.

The transfer of WAFY's license to Nassau is expected without issue.

"We don't expect any problems, but the FCC recently had a freeze on license transfers which just ended," Marmet said. "There is no expectation of a delay."

The purchase expands Nassau's growing collection of stations.

"Our recent acquisition activity has been in New England and we are now very excited to be entering the Frederick market," Mercatanti said in a statement.

"WAFY is an ideal fit for Nassau because of the station's approach to broadcasting, its loyal following and its excellent community service and because it operates in a suburban market with significant growth and upscale demographics. We are eager to have WAFY join Nassau's station group. We congratulate the Marmet family for creating an exceptional radio station."

Nassau, whose strongest presence is in northern New England, recently acquired additional stations in Maine, New Hampshire and Vermont. This month the company announced that it would acquire 13 more stations in New England.