Rockland's lone local radio station WRCR AM sold to NYC media group
As a result, the channel for WRCR AM 1700 will broadcast programming from WABC hosts until a new format is introduced, according to the pending new ownership, Red Apple Group.
"Yes, for the time being, the station will simulcast WABC and plans to have local programming serving the community," said Emily Panklow, the general counsel for the Manhattan-based Red Apple.
The Red Apple Group is buying WRCR from Alexander Broadcasting, Inc. One of the corporation's co-owners is Dr. Alexander Medakovich, a physician and president of WRCR Radio.
The Red Apple owner is billionaire John Catsimatidis, a media maven who also owns real estate and other businesses, such as supermarkets. Catsimatidis also has dabbled in politics, running for office in New York City and supporting candidates like President Donald Trump and the Cuomos.
Local radio's history in Rockland: Rockland: What's the future of local radio?
While Catsimatidis and Rita Cosby host an hourly show, WABC is known for its conservative commentators, focusing on national, New York City, and international issues. The station's hosts include Curtis Silwa, Mark Levin, Roger Stone, Bill O'Reilly, Brian Kilmeade, Sid Rosenberg, and Dominic Carter of Rockland.
WRCR and its predecessors' formats focused on local issues and news for more than 50 years in Rockland, offering weekly radio time to elected officials and local activists. WRCR reported on staples like sports and weather, along with reports on finance, real estate, and county history.
One of WRCR's predecessors was WRKL AM 910, which was bought out in 1999 and became a Polish-interest and Polish-language station.
WRCR, which had been broadcasting from the Palisades Credit Union Park in Ramapo, switched to an Internet-only format in November 2016. By February 2017, the station revisited its past with the return of Stony Point's Steve Possell's morning show. Possell has since retired.
Steve Lieberman covers government, breaking news, courts, police, and investigations. Reach him at slieberm@lohud.com Twitter: @lohudlegal Read more articles and bio. Our local coverage is only possible with support from our readers.
This article originally appeared on Rockland/Westchester Journal News: Rockland NY lone local radio station WRCR AM sold to NYC media group
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Why famed short-seller Andrew Left says he's betting against Palantir: 'It's become so absurd'
Short-seller Andrew Left says he's betting against Palantir. The AI-powered data company has seen its stock soar this year. Left says he likes the company, but its stock valuation is unjustifiable. Palantir stock seems unstoppable this year, but its astronomical rally has drawn the eye of at least one renowned short-seller. Andrew Left, founder of Citron Research, told Fox Business this week that he's betting against the AI-powered data software company amid its colossal 144% stock surge in 2025. The stock has rallied most recently after reporting strong second-quarter earnings on August 4. Left made it clear that despite Palantir's status as an AI and retail darling, he sees its valuation as extreme. "If this was the greatest company that was ever created and we gave it the same multiples as, let's say Nvidia in 2023, the stock still can get cut by two thirds. And that would be like 35 times sales." Palantir's price-to-sales ratio this month is hovering around 80x, while its forward price-to-earnings ratio was 290x on Thursday. "I've stopped even looking at the ratio because it's become so absurd," Left said. "There's never been a company that has that type of multiple or that type of PE that's not corrected 50%." The short-seller highlighted Palantir's significant following among retail traders, which he suggested is a negative for the stock. Left drew the ire of retail investors when his firm bet against the original meme stock, Gamestop. His other high-profile short bets include Hertz, EV startup Nikola, and Valeant. Once known for his high short-selling activity and social media presence, Left has toned it down recently. In July 2024, the US Securities and Exchange Commission charged him with market manipulation and securities fraud. In May, a federal judge rejected Left's bid to dismiss the case. Left's firm continues to share its reports and perspectives on X. On August 13, it called out an X post by CNBC commentator Jim Cramer when he issued a bullish take on Palantir stock. "Palantir at these levels isn't an "easy money" story; it's a high-multiple, hype-driven narrative," Citron wrote. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Malibu Boats, Inc. Announces Earnings Release Date and Conference Call Information for Fourth Quarter and Full-Year Fiscal 2025 Financial Results
LOUDON, Tenn., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) announced today that it will release its fourth quarter and full-year fiscal 2025 financial results on Thursday, August 28, 2025, before the market opens. Following the release, the company's management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. The call will be hosted by Malibu's Chief Executive Officer, Steve Menneto, and Chief Financial Officer, Bruce Beckman. Investors and analysts are invited to listen to the conference call by dialing (844) 695-5523 or (412) 317-0699. Alternatively, interested parties can listen to a live webcast of the conference call by logging on to the Investor Relations section on the Company's website at A replay of the webcast will also be archived on the Company's website for twelve months. About Malibu Boats, Inc. Based in Loudon, Tennessee, Malibu Boats, Inc. (MBUU) is a leading designer, manufacturer and marketer of a diverse range of recreational powerboats, including performance sport, sterndrive and outboard boats. Malibu Boats, Inc. is the market leader in the performance sport boat category through its Malibu and Axis boat brands, the leader in the 20' - 40' segment of the sterndrive boat category through its Cobalt brand, and in a leading position in the saltwater fishing boat market with its Pursuit and Cobia offshore boats and Pathfinder, Maverick, and Hewes flats and bay boat brands. A pre-eminent innovator in the powerboat industry, Malibu Boats, Inc. designs products that appeal to an expanding range of recreational boaters, fisherman and water sports enthusiasts whose passion for boating is a key component of their active lifestyles. For more information, visit or Contacts Malibu Boats,
Yahoo
27 minutes ago
- Yahoo
Activist Starboard buys more Salesforce stock after first demanding change in 2022
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist Starboard Value, one of the first investors to publicly push Salesforce to make changes three years ago, increased its stake in the U.S. software company by almost 50% in the second quarter, according to a regulatory filing on Thursday. The hedge fund reported owning 1.3 million shares in Salesforce on June 30, compared with 849,679 shares at the end of the first quarter when it boosted its stake by almost 52%. The move comes as the company's stock price has lost nearly 30% since January and is off nearly 9% over the last 12 months. Salesforce, which has a market value of $223 billion, came under intense pressure from a handful of activist investors in late 2022 and early 2023. But many who publicly pushed for changes cut their stakes or exited completely by the middle of 2023 after the company reported better results, added a new director to the board and made other changes. Now the pressure may be increasing again with Starboard, which is known to revisit earlier investments if the company is seen as backsliding on promises, loading up on the stock. While Salesforce's stock price gained nearly 100% in 2023, Starboard's chief executive, Jeffrey Smith, said late last year that the company still had room to become more efficient and profitable. A Starboard spokesperson could not be reached for comment on Thursday. The firm also increased its holding in drugmaker Pfizer by 10.5% to 8.5 million shares, less than a year after unveiling a $1 billion stake in the company and pushing it to improve performance. At Autodesk, where the hedge fund settled its fight with the software design company in April, Starboard cut its stake by nearly 27%, the filing shows. While Thursday's filing is backward-looking, the so-called 13F filings, which detail what U.S. stocks a fund manager owned at the end of the previous quarter, are closely watched for possible investment trends.
