“AM Guys LLC” – made up of Ed DeHart and Stephen Zelenko – has purchased WLFP-AM (1550 Braddock) from receiver Mike Craven for $14,515. This according to this morning’s Tom Taylor NOW Newsletter. DeHart managed the station prior to the sale. Business TalkRadio bought the facility in 2007 for $225,000 and operated it as a 4-station syndication operation. The company now owns one station in Greenwich, Connecticut.
UPDATE: Pat Cloonan has more information, including how DeHart and Zelenko were able to get the station so inexpensively.