NC, TX Stations Sold; Cumulus KTDK Spin To Broker Rejected
September 23, 2013 at 3:59 AM (PT)
FIRST MEDIA RADIO, LLC is selling Sports WCBT-A/ROANOKE RAPIDS, NC to JIMMY JOHNSON's JOHNSON BROADCAST VENTURES, LTD. for $100,000. The deal does not include the seller's affiliation agreement with ESPN RADIO.
In other filings with the FCC, ALVA LEE PEELER, executrix for the estate of late husband BUDDY PEELER (LIVE OAK BROADCASTING CORP.), is selling Southern Gospel KNNK (POSITIVE 100.5)/DIMMIT-AMARILLO, TX to MONTE SPEARMAN's HIGH PLAINS RADIO NETWORK, INC. for $75,000 plus an LMA before closing.
HEARTLAND MINISTRIES, INC. is selling the construction permit for FM translator W253BJ/STURGIS, KY to HENSON MEDIA OF UNION COUNTY, LLC for $20,000.
THE ASSOCIATION FOR COMMUNITY EDUCATION, INC. has applied for a Silent STA for FM translator K213CR/KING CITY, CA "because the licensee lost its lease for the licensed antenna tower."
WMUZ RADIO, INC. (CRAWFORD BROADCASTING) has closed on the sale of Religion KJSL-A (TRUTH TALK RADIO)/ST. LOUIS to BIBLE BROADCASTING NETWORK, INC. for $2 million.
WHFB BROADCAST ASSOCIATES LIMITED PARTNERSHIP has closed on the sale of Talk WHFB-A/BENTON HARBOR-ST. JOSEPH, MI to RIC FEDERIGHI 's GERARD MEDIA, LLC for $175,000.
And the Commission has dismissed CUMULUS (SUSQUEHANNA RADIO CORP.)'s attempted spin-off sale of KTDK/SANGER, TX to WHITLEY MEDIA LLC, headed by MEDIA SERVICES GROUP broker BILL WHITLEY, for $100 as inadvertently accepted for filing. The station presently simulcasts Sports KTCK-A (THE TICKET)/DALLAS in the DENTON-GAINESVILLE area north of the DALLAS-FORT WORTH area. The Commission, recognizing that the deal is a typical temporary "parking" of a license to give the parties time to sell the station while CUMULUS acquires another, balked at the $100 payment, which it noted "is a nominal amount that bears no relationship to the Station's actual market value." Since CUMULUS would also receive whatever WHITLEY gets once he sells the station to a third party, less his expenses and a $50,000 brokerage fee, the Commission concluded that CUMULUS would in effect remain owner of the station and dismissed the proposed transfer.