Mike Chandler, the CEO of the 40-station radio network REJOICE Musical Soulfood Network, has acquired three 25,000 WATT TV stations which are located in Hampton, Myrtle Beach and Virginia Beach from the Christian-based Trinity Broadcast Network (TBN).
The stations are currently being upgraded/prepared to launch. Once they are operational, they will be owned by REJOICE TV, LLC Television Broadcasting Company, and Chandler will be CEO.
“Our plan is that once we perfect what we are doing, we will launch a national faith-based network,” said Chandler. “We have to become owners. We in the faith-based industry have to do something to recapture our airwaves. We need to own record labels, distributorships, TV stations, etc., and that is what I am trying to do.”
According to Chandler: “Over the past 15 years, African Americans have been losing ground in the area of radio and TV station ownership, as large corporations buy up minority-owned stations across the nation of various sizes and merge them into their networks.”