KDAY/L.A. Sold For $19.5 Million
April 10, 2013 at 5:02 AM (PT)
MAGIC BROADCASTING's KDAY LICENSING, LLC/KDAI LICENSING, LLC is selling Urban Oldies KDAY/REDONDO BEACH-LOS ANGELES and KDEY/ONTARIO, CA to RBC COMMUNICATIONS' RBC LICENSE, LLC for $19.5 million. RBC is headed by ANTHONY YUEN.
In other deals filed with the FCC, 3G BROADCASTING, INC. is selling Top 40 WOCY (HITZ 106)/CARRABELLE, FL to LIVE COMMUNICATIONS, INC.
EDGEWATER BROADCASTING, INC. is selling FM translators K203DQ/GREAT FALLS, MT and K212FU/LEWISTOWN, MT to COMMUNITY COMMUNICATIONS, LLC for $55,000.
JOHN SALOV is transferring his 51% interest in COLTRACE COMMUNICATIONS, INC.. licensee of WUPS/HARRISON, MI and WTWS/HOUGHTON LAKE, MI, to 49% partner SINDY FULLER for assumption of liability for loans that SALOV, according to the transfer document, allegedly wrongfully took out in the company's name. The document says that SALOV is owed money but the loan liabilities offset that amount, and SALOV and FULLER agreed to the stock transfer to release the obligations.
BIRACH BROADCASTING CORP. has requested a Silent STA for WVAB-A/VIRGINIA BEACH, VA while it awaits disposition of a construction permit application.
And BLUE MOUNTAIN BROADCASTING LLC has requested a Silent STA for WVOH/SPINDALE, NC for financial reasons.