Nova M Radio
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Nova M Radio, LLC is a radio station acquisition firm and upstart radio syndication service operated by Sheldon Drobny, Anita Drobny and Mike Newcomb. It was created to purchase, own and operate underperforming radio stations in small and medium sized markets. These stations would then broadcast progressive talk radio content, particularly programming from their own network, as well as from Air America Radio and others.
In late March 2006, Nova M Radio entered into an agreement with Continental Broadcasting, owner of KPHX in Phoenix, Arizona, bringing the Air America Radio progressive talk programming formerly carried by KXXT (1010 kHz AM) with them.
On October 18 of the same year, following the Chapter 11 filing of Air America, Nova M announced that it would form its own radio network featuring personalities including Newcomb, Mike Malloy, and John Zogby. [1] KPHX serves as the flagship of Nova M's new network.
The company also operates KXDE in Little Rock, Arkansas, under a similar agreement. They are also working on leasing stations in other cities, including Milwaukee, Wisconsin [2].
The company recently retained New York based Ludlow Capital to assist in bringing Nova M Radio, Inc. public sometime in early 2007.
