WVRC Media Seeks FCC Waiver for AJG Stations

The request would give WVRC Media operational control of five AJG Corporation radio stations through a time brokerage agreement.

Updated on Nov. 3, 2026 in Corporate Finance

Bold flat-color editorial illustration of a slender steel broadcast tower on a wooded ridge above a river valley, evoking regional radio consolidation. — WVRC Media has asked the FCC for a waiver to operate five of AJG Corporation's stations under a time brokerage agreement, combining nine Morgantown-area properties. AI Illustration. Upload story photo >

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WVRC Media has filed a request with the FCC to operate five of AJG Corporation's six stations under a time brokerage agreement. If granted, the arrangement would combine nine properties in the Morgantown, Clarksburg and Fairmont, West Virginia market.

Why it matters

The waiver request states that AJG's stations are not financially viable on a stand-alone basis and do not generate enough revenue to sustain current operations. For Morgantown listeners and local advertisers, the filing would consolidate a large share of the local radio market under one operator.

The filing cites 2025 revenue of $3.8 million for WVRC's five stations, a 60.1% market share, against $1.5 million and 23.7% for AJG's five stations. Whether the FCC will approve the waiver has not been determined.

The players

WVRC Media

A West Virginia radio company founded in 1940 that operates stations in the Morgantown and Clarksburg markets and is chaired by John Raese.

AJG Corporation

The owner of six radio stations in West Virginia, held in a trust for the descendants of David and John Raese.

The details

WVRC Media, founded in 1940 by Agnes and Herbert Greer, would take over operations of four AJG stations, excluding Silent 1460 WBUC in Buckhannon. WVRC plans to align programming across both station groups and expand local sports coverage.

1940: WVRC Media is founded by Agnes and Herbert Greer.
2025: Revenue and market share figures for the Morgantown market are recorded.
November 3, 2026: Coverage of the WVRC waiver request is published.

Market Dynamics

Time brokerage agreements let one station operator program another licensee's stations, and the FCC must approve waivers before such arrangements are allowed in a given market. The WVRC filing applies that mechanism to consolidate nine properties across the Morgantown, Clarksburg and Fairmont area, where the combined operation would hold 83.8% of radio revenue in 2025.

For Morgantown advertisers and listeners, the filing would shift most local radio programming and sales under one operator if the waiver is granted. Businesses buying local radio time would see fewer independent station options in the market.

The takeaway

The filing shows how a time brokerage agreement can consolidate radio operations across several stations while leaving ownership with the original holders. Readers tracking local media concentration should watch for the FCC's decision on the waiver.