Main Street Media has agreed to acquire WPBX-FM, WOWF-FM, WAEW-AM, WCSV-AM, W242DH and W249DA in Crossville, TN, from PEG Broadcasting. PEG Broadcasting is a Tennessee-based company headed by Dawn and Reed Shaw. Main Street Media is a Tennessee-based company headed by Chad Graves and Scot MacDonald.

Main Street Media was formed earlier this year by Graves and MacDonald to acquire the other markets from PEG. The partners each own additional businesses with MacDonald running McMinnville Moving & Storage, while the Atlanta-based Graves is a Partner in Bennett Thrasher’s Technology Services accounting practice.

Main Street also owns radio stations in McMinnville, Morrison, Sparta and Spencer, all in Tennessee.

Kalil & Co. served as the broker for this transaction.