Wednesday, January 08, 2014
FOR IMMEDIATE RELEASE
LOCAL TECH ENTREPRENEUR ACQUIRES INTEREST IN MONROE RADIO STATION
Monroe, Michigan – Local high tech entrepreneur Thomas Fox announced today that he has acquired a majority interest in Monroe County Radio, and Internet-based radio station serving Monroe County and Southeastern Michigan.
Monroe County Radio was formed in October, 2012 by Michele Paled, whose career spans more than twenty-five years in broadcast and media. She will continue to be involved with the radio station.
Monroe County Radio operates 24 hours per day, features local on-air talent throughout the daytime programming hours, and has steadily grown to more than 6,000 unique listeners. To listen to the station, simply point any web browser (PC, Mac, Android, or iPhone) to www.MonroeCountyRadio.com.
Fox, president of Tech Experts, Southeastern Michigan’s premier IT services company, said the acquisition aligned closely with both his business and personal goals.
“I’ve felt for a long time that online entertainment needed to include local programming,” commented Fox. “Monroe County Radio provides that experience for listeners – the convenience of listening anywhere combined with local news, personalities, features and community events. I couldn’t be more excited about the opportunity to bring truly local programming to Monroe.”
Filling a community service void in the Monroe area was a prime motivator for Paled to start the station, and a key reason Fox became involved. “Serving listeners and advertisers is just good business for a radio station,” Paled noted. “Our listeners and advertisers have been especially supportive of our play by play coverage of local high school football, election coverage, and local public affairs programming.”
Monroe County Radio’s studio has relocated to the Tech Experts building at 15347 South Dixie Highway in Monroe. The station’s telephone number is 734-457-6500. Requests can be emailed to requests@MonroeCountyRadio.com.
Financial terms of the deal were not disclosed. Fox’s Archstone Equity Partners venture capital fund provided financing.
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