Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, July 30, 1994 TAG: 9408010026
SECTION: BUSINESS PAGE: A-6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Country music brodcaster WYYD (107.9 FM), the top-rated radio station in the Roanoke-Lynchburg market, said Friday it is being sold sold to Benchmark Communications, a Baltimore company that owns several other Virginia stations.
The sale, by WINFAS Inc. of Lynchburg, is subject to regulatory approval by the Federal Communications Commission. Terms of the deal were not disclosed and the FCC said the price has not yet been recorded.
Benchmark owns 18 other stations from Delaware to Georgia. In Virginia, it owns WTAR-AM and WLTY-FM in Norfolk, WVGO-FM in Richmond, WDCK-FM in Williamsburg and WNTW-AM/WUSQ-FM in Winchester. It also has an agreement to operate WFZX-FM in Front Royal.
Joseph L. Mathias IV, a general partner of Benchmark, indicated that the company "is in discussions" to buy another station in the market, broadcasting in a different format, to form what is known as a duopoly.
- Staff report
AAA Employment to change its name
AAA Employment, which has been in Roanoke for more than 11 years, said Friday it will drop its franchise and change its name Aug. 18. The new name will be REI Management - Human Resource Specialist.
Sherry Revell, president of Revell Enterprises Inc., said it will continue to own and operate the business, but not through a franchise.
Lorri Newman is manager of the firm, which is in the Shenandoah Building. Revell said the company deals in permanent employment positions, not temporary help.
- Staff report
Bankruptcy Court receives 5 petitions
Five bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Four of them are personal bankruptcies that the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.
nDouble A Coal Co. Inc. of Oakwood filed for liquidation, listing no assets and debts of $282,553.
nDonald Ruben Shelton and Barbara C. Shelton of Roanoke filed for a wage-earner plan for repayment of debts, listing assets of $136,650 and liabilities of $226,523. They are partners in Shelton Oil Co. Donald Shelton also has an interest in Roanoke Mechanical Services, which filed several weeks ago for reorganization and protection from creditors.
Douglas R. Cobler Jr. and Dina L. Cobler of Vinton sought liquidation, with assets of $59,897 and liabilities of $87,362. They are president and secretary of Venus Inc., which is in the restaurant business.
Michael Edward Gerfin, trading as Quality Home Improvements of Lebanon, filed for liquidation, reporting assets of $21,600 and liabilities of $22,113.
Gary L. Hughes and Susan J. Hughes of Roanoke asked for liquidation, with assets of $45,875 and liabilities of $92,142. Gary Hughes is a self-employed electrician.
- Staff report
2 at DuPont trying to unseat union
MARTINSVILLE - Two workers at DuPont's nylon yarn plant are starting a campaign to decertify their union. The move comes just over a week after the United Mine Workers - with the blessing of the plant's current union - began circulating petitions to form at the Martinsville plant.
John Breedlove said he and Debbie Gravely started the movement Friday because they don't want to join the UMW, but they think the leadership of the Martinsville DuPont Nylon Employees Council is ineffective.
"We want to keep a union in-house, but we want to start all over again with new representation," he said.
- Staff report
Alleghany wraps up industrial park deal
LOW MOOR - The Alleghany Highlands Economic Development Authority completed acquisition Friday of a 297-acre tract for an industrial park at Low Moor in Alleghany County. The park will be called the Alleghany Regional Commerce Center.
The property was acquired from Valley Ridge East Inc., an investment group headed by Marshall Talbott of Springfield, which had owned the land for more than 20 years. About 100 acres was a gift from Valley Ridge East, with the remainder purchased for $750,000.
- Staff report
by CNB