Lincoln National Corp. has completed the previously announced sale of 3 Charlotte, N.C., radio stations to Greater Media Inc.
Greater Media, Braintree, Mass., paid about $100 million in cash for the stations, according to Lincoln, Philadelphia.
The deal includes AM-FM news-and-talk simulcast stations 1110 WBT-AM, 99.3 WBT-FM, and 107.9 WLNK-FM.
Lincoln acquired the radio stations in 2006, when it bought Jefferson Pilot Corp., Greensboro, N.C.
Jefferson Pilot started getting into the broadcasting business in the 1970s, as a hedge against inflation.
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