Ken Squier Announces Radio Vermont Group For Sale

PRESS RELEASE

THE RADIO VERMONT GROUP

June 22, 2017

WDEV and THE RADIO VERMONT GROUP is “FOR SALE”

(Waterbury, VT) – On June 15, 2017, Ken Squier announced his intention to sell the Radio Vermont Group. Citing his age, 82, and his fervent desire to ensure his locally-owned and operated company remain in Vermont hands, Squier told his staff that he will attempt to find a buyer who will preserve the long-standing station values of serving the public good, need and necessity.

The Radio Vermont Group is a cluster of Vermont stations. Founded in-part by Ken Squier’s father Lloyd (The Old Squier) in 1931, WDEV-AM 550 was Vermont’s original mid-state station – one of the first 500 radio stations in the USA! In January 1993, WDEV-FM 96.1 commenced simulcast operations with the venerable AM station. In August 1993, Squier introduced WLVB-FM 93.9 in Morrisville. In 1997, WCVT-FM 101.7 in Stowe was added to the group, which continued to expand with FM translator services for Barre and Montpelier. In 2013, WEXP-FM 101.5 in Rutland was added to the group and on July 1, 2014 101-The One commenced as a regional music network.

In his remarks to the staff, Squier stated his pride in continuing the commitment to relevant Vermont news and cited the expansion of the Radio Vermont News Network across all the commonly-owned stations. He also praised the diversity of locally-produced programming and reflected on WDEVs’ agrarian roots, “As Vermonters, we need more than one crop in the ground.”

Executive VP Eric Michaels explained to the staff, “This process is likely to take many months and perhaps more than a year to accomplish. No changes to staffing or programming efforts are planned for the foreseeable future. All of our services will continue unabated.”

In his closing remarks, Squier acknowledged that this kind of openness and transparency is rare in the broadcasting industry. He assured his staff he would keep them informed about the process and was already working with certain individuals and organizations who are very interested in carrying the legacy of WDEV – and the Radio Vermont Group – into a new era of local ownership.

“Serving the people of Vermont is what we do. It’s all we’ve ever done.”

For further information contact Eric Michaels, Executive Vice President of the Radio Vermont Group at emichaels@radiovermont.com