Price Revealed For WQUB Sale; Detroit Translator Sold
May 22, 2012 at 3:55 AM (PT)
The previously-announced sale by QUINCY UNIVERSITY of noncommercial WQUB/QUINCY, IL to the UNIVERSITY OF MISSOURI-ST. LOUIS' ST. LOUIS PUBLIC RADIO, operator of noncommercial KWMU/ST. LOUIS, is priced at $40,000 cash, $50,000 in underwriting announcements over a five-year period, technical help for a year on the school's Internet radio station, unpaid internships for students, and reimbursement for operating costs from JANUARY 1st, 2012 to the closing date, up to $8,000/month, according to the contract filed with the FCC. The price was not disclosed in the original announcement.
LITTLE MIAMI LOCAL SCHOOLS has applied for a Silent STA for WLMH/MORROW, OH due to a "financial emergency" occasioned by the takeover of the school district by the state of OHIO; the station, silent since AUGUST 25. 2010, expects to return to the air by SEPTEMBER 30th.
VERMONT PUBLIC RADIO has requested an extension of its Silent STA for FM translator W233AV/MANCHESTER, VT while it moves to a new site.
And the ALOHA STATION TRUST has closed on the sale of a trio of CLEAR CHANNEL spinoffs in SOUTHERN CALIFORNIA's HIGH DESERT, Country KTPI-F and Adult Standards KTPI-A/MOJAVE and Sports KAVL-A (FOX SPORTS RADIO 610 AM)/LANCASTER, CA, to RZ RADIO LLC.
In a deal not yet filed with the FCC, TIM MARTZ' RADIO POWER INC. is selling FM translator W232CA/DETROIT to FAMILY LIFE MINISTRIES for $150,000. The translator was used as Alternative "94.3 THE BONE," relaying programming originating on WGPR-HD-3, before shutting down early this year after less than a year on the air. JOHN PIERCE AND CO. served as broker for the deal.