The Tampa Organization of Black Affairs (TOBA) will be facilitating a meeting with individuals who sent letters of interest in investing in purchasing WTMP.

The minimum investment per individual or group is $25,000.00.

Since the recent change in the WTMP program format and staffing, TOBA’s Economic Development Committee (chaired by TOBA Board Member, Jetie B. Wilds, Jr.) has taken the lead to facilitate this initiative, says TOBA spokesperson James Ransom.

“Although WTMP has not been sold as some have speculated, unfortunately the owners have overly inflated the asset value of the WTMP AM/FM licenses which makes purchasing those licenses unreasonable for investors, at this time.”

Efforts to negotiate a more fair market price to purchase WTMP have stalled.  Therefore, the plan is to pursue another AM station through a Lease Management Agreement (LMA) with an option to purchase that station.  With an LMA, the format can be restored.

The meeting will be held Thursday, November 3 at 6:30 PM at Tampa Park Plaza, 1417 Tampa Park Plaza (Scott St. and Nebraska Ave.), Tampa, 33605.  Call (813) 229-1845 for directions.

Anyone interested in learning more about this investment opportunity is welcomed to attend.