Chicago Public Media Buys WRTE/Chicago
June 22, 2012 at 4:35 AM (PT)
CHICAGO PUBLIC MEDIA is adding another signal in its home market, buying noncommercial Spanish Variety WRTE (RADIO ARTE)/CHICAGO from NATIONAL MUSEUM OF MEXICAN ART for $300,000 cash plus $25,000 "cash financial support" for a project to be determined for each of the 2012-13 and 2013-14 fiscal years, and $25,000 worth of promotional announcements each year for four fiscal years. The deal is also contingent on FCC approval of a new transmission site for WRTE at the UNIVERSITY OF ILLINOIS CHICAGO campus. The buyer owns noncommercial News-Talk WBEZ/CHICAGO as well as noncommercial Variety WBEW (VOCALO 89.5)/CHESTERTON, IN and WBEQ/MORRIS, IL (simulcasting WBEZ).
ROBERT ANTHONY FOGAL's SPOKANE BROADCASTING COMPANY, LLC is buying silent KAZZ/DEER LAKE-SPOKANE, WA from the EARLE KAZMARK estate (JOSEPH NAPPI JR., receiver) for $450,000. ($400,000 in a promissory note at 4.5% interest, paid in monthly installments at yearly-escalating amounts for five years).
FRANK FEE is redeeming his 999 shares in GOPHER COMMUNICATIONS CO., licensee of Talk KROX-A/CROOKSTON, NM, for $450,000, paid in monthly $3,500 installments. Son CHRISTOPHER FEE, also the station's afternoon host, will buy one share of the licensee and thus assume 100% control of the company.
MELODY THORNTON is buying 100& of BATES COUNTY BROADCASTING CO., licensee of Country KMAM-A and KMOE/BUTLER, MO, from her father BILL D. THORNTON for $260,000. MELODY THORNTON is the GM of the stations.
NEW LIFE TABERNACLE of HOMER, AK has requested a Silent STA for KHGO/HOMER due to snow damage at the transmitter.
TOWERS INVESTMENT TRUST, INC. has applied for a Silent STA for KTTY/NEW BOSTON, TX "for economic reasons."
THE POWER FOUNDATION has closed on the sale of the construction permit for noncommercial KKWW/SHELBINA, MO to NEW LIFE EVANGELISTIC CENTER, INC. for $17,000.
And COMMUNITY BIBLE CHURCH has closed on the sale of FM translator W230BH/MONTAUK, NY to RED WOLF BROADCASTING CORP. for $10,000. The translator is rebroadcasting Talk WJJF/MONTAUK as a fill-in.