According to the Orlando Business Journal, WLOQ will be sold to TTB Media Corp. for a little more than $8 million, according to documents filed with the Federal Communications Commission. Pete DeSimone, vice president and general manager for WLOQ, said a decision about a format change won’t be known until the new owners come in Aug. 1.
“The biggest concern for the Gross family is treating the employees fairly through this tough transition,” DeSimone said. “It’s been a really tough decision for the family, but it is the correct decision. The focus is on the employees at this time.”
To our many advertisers and friends,
It is with much sadness, yet also with great thanks and appreciation that I share with you my family's decision to sell 103.1 WLOQ and exit Orlando radio after 34 wonderful years.
What can one say about a family, radio staff, and you... all who have been responsible for creating the iconic format and community that is 103.1 WLOQ? "The first of its kind", "family owned & operated", "the last of the independents" - these and every phrase fall short, when describing what has been life long friendships of the rarest kind.
From the Gross family, past and present staff at 103.1 WLOQ, please join us in our final weeks on-air as we bring listeners, past personalities, musical super stars, community builders, and you together for one last celebration of all things 103.1 WLOQ. You won't want to miss it!
Once again, on behalf of my family and staff please accept our deepest gratitude and most heartfelt thanks for 34 fantastic years! Our very best wishes to you and yours.
Sincerely,
Jim GrossCo-CEO
Gross Communications Corporation
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