DERBY â€“ Pending FCC approval, WMOO-FM and WIKE-AM will soon have a new owner.
Yesterday, Bruce James, president of Vermont Broadcast Associates, said his company signed a letter of agreement to purchase the stations.
Last May, Jeff Shapiro and Bill Binnie purchased 11 radio stations from Nassau Broadcasting during a bankruptcy action. Shapiro and Binnie divided the stations between themselves. Shapiro, from Vertical Capital, took over the Derby radio stations and other stations in northern New England.
NEWPORT CITY â€“ The "Renaissance Project" is coming to Newport and area planners are starting to ask what the impacts will be. Impact fees could help with city development studies to answer that question.
However, Newport Planning Commission members and zoning administrator Paul Dreher don't feel that impact fees will discourage developers. â€śYou need money now to plan for the future,â€ť said Clark Curtis.
JOHNSON â€“ Superstorm Sandy brought winds to the Kingdom Monday evening that howled through the night and knocked out power to a few thousand homes. But the storm was not as devastating locally as predicted.
The massive storm wreaked havoc in many other parts of the country, including New England. Sandyâ€™s devastation has left 8 million people without power.