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Indianapolis-based Artistic Media Partners, formerly University Broadcasting Co., last week reached an agreement to acquire two South Bend radio stations for $750,000, bringing the number of South Bend stations under its umbrella to four.
The company is also in the process of raising additional capital in the hope of increasing its radio station holdings throughout the state.
"We'd like to buy stations in Terre Haute, Evansville and Muncie," said Artistic Media President Arthur Angotti. "We'd also like to buy a station in Indianapolis."
Artistic Media-a private company with about 35 local investors, including Bob Borns David Frick, Tom Rush and Glenn Swisher-has...