Prices For JVC Palm Beach Deals: $850,000 For WSVU, $555,000 For WBGF-WSWN
May 21, 2014 at 4:36 PM (PT)
The contracts attached to the FCC filings for the deals reveal that JVC MEDIA is paying $850,000 for Adult Standards WSVU-A and translators W295BJ and W240CI (SEAVIEW AM 960)/NORTH PALM BEACH, FL from NORTH PALM BEACH BROADCASTING and $555,000 for Regional Mexican WBGF (RADIO LOBO) and Urban Inspirational WSWN-A (SUGAR 900)/BELLE GLADE, FL from BGI BROADCASTING, L.P. The prices were not disclosed when the deals were initially announced.
In other filings with the FCC, RADIO ASSIST MINISTRY, INC. is transferring K251BL/MCALLEN, TX to MARY V. GUTHRIE as part of a three-way deal with EDUCATIONAL MEDIA FOUNDATION that saw GUTHRIE dismiss applications for two new translators in TUCSON, EMF dismissing its applications for new FMs in MEMPHIS and JONESTOWN, AR, and RADIO ASSIST MINISTRY assuming liability for a lease from GUTHRIE.
CALVARY RADIO NETWORK, INC. is selling W274AQ/BATTLE CREEK, MI to MIDWEST COMMUNICATIONS, INC. for $45,000. The translator will rebroadcast Sports WBCK-A (930 THE SCORE)/BATTLE CREEK, which MIDWEST is in the process of acquiring from CUMULUS spinoff trust CURRENT RADIO, LLC.
FIRST VENTURES CAPITAL PARTNERS, INC. is selling K259AT/BOONE, IA to M & M BROADCASTING, INC. for $31,500. The translator will rebroadcast Oldies KDLS-A/PERRY, IA.
BEVERLY BROADCASTING CO., LLC is selling WRKQ/MADISONVILLE, TN to BEATTY BROADCASTING COMPANY, LLC for $63,000 ($15,000 down, $48,000 in a promissory note).
AARON M. & MARY REMINGTON are selling their 25% shares each in WYOMING CHRISTIAN BROADCASTING CO. to partners STEPHEN C. & M. JOY STUMBO for $71,250 ($20,000 cash, $52.250 in a note at 3% simple interest. The STUMBOs will each have 50% of the company after the transaction closes.
COMMON FREQUENCY, INC. is selling silent KBCZ/BOULDER CREEK, CA to BOULDER CREEK RECREATION & PARK DISTRICT for $12,000.
WEST VALLEY TRANSLATOR ASSOCIATION has requested a Silent STA for K201AS/YAKIMA, WA due to "interference received from a primary station."
CAROL CARROLL, WIND RIVER COMMUNICATIONS, INC, and CARJIM LLC's sale of AC KTRZ and Country KWYW (Y99)/RIVERTON, WY and Classic Country KDNO (DINO 101.7) and Adult Standards KTHE-A/THERMOPOLIS, WY plus FM translator K237CP/LANDER, WY to EDWARDS GROUP (EDWARDS COMMUNICATIONS, LC) has closed with a price tag of $210,000.
KRXA, LLC has closed on the sale of Talk KRXA-A/CARMEL VALLEY-MONTEREY, CA to EL SEMBRADOR MINISTRIES for $300,000.
HISPANIC BROADCAST SYSTEM PUERTO RICO, INC. has closed on the sale of noncommercial WDPP/GUAYANILLA, PR to LA GIGANTE SIEMBRA INC. for equipment costs valued at $10,000.
HISPANIC CHRISTIAN COMMUNITY NETWORK, INC. has closed on the sale of K252EB/CLEBURNE, TX to RADIO FORTALEZA INTERNACIONAL for $200,000.
And COLUMBUS BROADCAST CORP. INC. has closed on the sale of Silent WWQT-A (formerly WJFJ-A)/TRYON, NC to THE POWER FOUNDATION for $103,000.
Low power FM construction permits have been granted to RAINS INDEPENDENT SCHOOL DISTRICT and CITY OF EMORY DEVELOPMENT CORPORATION at EMORY, TX and TRISTATE CATHOLIC RADIO at JASPER, IN.
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