Despite rumors, Lee not buying 1550

Terry Lee has serious plans to move his network to McKeesport, so reported Patrick Cloonan of The McKeesport Daily News (not online) earlier this week. Lee is looking for an empty commercial building for his Internet Magic Communications Network. Meanwhile he stands firm that he did not sign a letter of intent to buy Braddock-licensed WLFP-AM (1550) for $75,000.

Cloonan goes on to report that Business Talk Radio CEO Michael Metter also denied such a sale saying, “If anyone wants to buy it, they can buy it.”