WDEL-AM/FM, Wilmington and Sister Stations to Change Hands
News/talk WDEL-AM/FM, Wilmington and its four music-formatted sister stations are being sold by Forever Media to Draper Media for $11 million. Draper Holdings Business Trust CEO Molly Draper Russell says, “We’re excited to add these stations, each with a long history of serving their local communities, to our company. Our family’s history of service through free over-the-air broadcasting goes back nearly 60 years.
The addition of these stations fits perfectly into our late founder, my father, Thomas H. Draper’s motto that it is our moral obligation to serve our audience and advertising partners.” In a press release, Draper says it currently operates WBOC-TV, FOX21, WRDE-TV, Telemundo Delmarva, Antenna TV, My Cozi TV, The DSN Sports Network, and multiple FM radio stations across the Delmarva Peninsula. Speaking for seller Forever Media, president Lynn Deppen comments, “We are proud of the legacy these stations have built in their communities and grateful to our dedicated teams who have served listeners with passion and professionalism. We are confident that Draper Media shares our commitment to local broadcasting and will continue to provide outstanding service to audiences and advertisers alike as these stations enter an exciting new chapter.” The transaction is expected to close in the third quarter of 2025, subject to approval by the FCC.
been serving the company as market president for the Salisbury, Maryland operations. iHeartMedia Mid-Atlantic Area president Brit Goldstein says, “Katie has done incredible work in Salisbury, consistently demonstrating exceptional leadership and creativity. By adding the Wilmington market to her purview, she will bring her outstanding approach to partnership and innovative solutions to the entire Delmarva Peninsula. I’m excited to see Katie and the team flourish in her expanded leadership role.”