A Mountaineer Move: Miller Parts Ways With WV Radio
A series of FCC filings made late Tuesday confirm that West Virginia Radio Corp., the entity owned in a partnership between Dale Miller and David and John Raese, is about to get a complexion change in its attributable interest visage.
One of these partners is cashing out.
Miller, who serves as President/CEO of the Morgantown, W. Va.-based owner of 32 radio stations, is selling his equity interest in the company to the Raeses.
It’s a sign that Miller may be ready to retire, concluding a storied 44-year career at one of the region’s strongest and most influential audio media companies.
Miller joined West Virginia Radio Corp. in 1977. At that time, its holdings were comprised of WAJR-AM & FM in Morgantown. In 1981, the FM shifted to Contemporary Hit Radio, taking the call sign WVAQ. The station remains a nationally recognized success story, known as the home of the late programming executive Lacy Neff.
West Virginia Radio Corp. would grow substantially under Miller’s leadership, growing to 28 radio stations between 1993 and 2014. A former past president of the West Virginia Broadcasters Association, Miller was awarded the association’s highest honor when he was named the WVBA Broadcaster of the Year in 1993.
But, it is the Raese family that has been tied to Radio since 1940. That’s when John and David’s grandparents, Agnes and Herbert Greer, signed WAJR-AM on the air. The Raese brothers assumed control of the company following Agnes Greer’s 1972 death.
Three filings seeking Commission approval show that Miller’s decision to hand his shares of West Virginia Radio Corp. to the Raese brothers came in early June.
Terms call the Raese brothers acquiring Miller’s shares in West Virginia Radio Company of Raleigh; of the Alleghenies; and of Salem; for a combined value of $314,000. The allocation is as follows:
West Virginia Radio Corp. today continues to own WAJR-AM and WVAQ-FM, plus WKKW-FM in Morgantown. Its holdings also include stations in Beckley, Charleston, Clarksburg, Berkeley Springs, Martinsburg and Elkins, W. Va.; and Cumberland, Md.