MMTC Sells Former CC Station In Arkansas, Cumulus-Townsquare Swap Closes
August 1, 2012 at 4:11 AM (PT)
MMTC BROADCASTING LLC has sold KYHN-A/FORT SMITH, AR to KIM GIRDNER's MS. KIM MEDIA, LLC for $50,000. The station, presently silent, was one of the spinoff stations donated to the MMTC by CLEAR CHANNEL; the sale immediately follows MMTC's closing on the donation.
CALVARY OF ALBUQUERQUE, INC. is selling FM translator K201CY/CLOVIS, NM to GRACE COMMUNITY CHURCH OF AMARILLO for $18,000. The buyer is also acquiring FM translator K220JZ/MEMPHIS, TX (not TENNESSEE) from TOP O TEXAS EDUCATIONAL BROADCASTING FOUNDATION for $5,000.
Silent STAs In California, Tennessee, Illinois
PEREIRA BROADCASTING has requested a Silent STA for KIGS/HANFORD, CA after the death of owner MARIA O. PEREIRA. The filing said that the estate "has decided to take KIGS silent until the estate administration has been completed and the beneficiary has decided how to return the station to the air."
NETWORK OF GLORY, INC. has filed for an extension of its Silent STA for WGBQ/LYNCHBURG, TN while it seeks a new owner.
AMERICAN EDUCATION FOUNDATION, INC. has asked for a Silent STA for FM translator W263BM/STEWARD, IL while building new facilities.
Closings: Cumulus-Townsquare Swap Consummated
CUMULUS MEDIA and TOWNSQUARE MEDIA have closed on the swap of stations in 13 markets, with CUMULUS trading 55 stations in 11 markets for 10 stations in two markets plus $116 million. CUMULUS' clusters in AUGUSTA-WATERVILLE, ME, BANGOR, ME, BINGHAMTON, NY, BISMARCK, ND, GRAND JUNCTION, CO, KILLEEN-TEMPLE, TX, NEW BEDFORD, MA, ODESSA- MIDLAND, TX, PRESQUE ISLE, ME, SIOUX FALLS, SD, and TUSCALOOSA, AL are now in the hands of TOWNSQUARE in exchange for TOWNSQUARE stations in BLOOMINGTON and PEORIA, IL and the $116 million payment.
The LARRY H. MILLER GROUP has closed on the purchase of Sports KZNS-A-F (97.5 THE ZONE)/SALT LAKE CITY from SLC DIVESTITURE TRUST I (the trust headed by PATRICK COMMUNICATIONS principal LARRY PATRICK selling SIMMONS MEDIA spinoffs in the SALT LAKE market) for $3.25 million.
GOOD MUSIC, INC. has closed on the sale of Talk KAPR-A/DOUGLAS, AZ to HOWARD HENDERSON's SONORA BROADCASTING, LLC for $25,000.
RADIO ASSIST MINISTRY, INC. has closed on the sale of FM translator W287BH/THOMSON, GA to CAMELLIA CITY COMMUNICATIONS, INC. for $21,250. The translator will rebroadcast the buyer's Adult Standards WTWA-A/THOMSON, GA.
And FIRST VENTURES CAPITAL PARTNERS, INC. has closed on the sale of FM translator W262BI/ROBINSON, IL to THE ORIGINAL COMPANY, INC. for $25,000. The translator will rebroadcast the buyer's Sports WTAY-A/ROBINSON, IL.