Price For WALK: $50 Million; Multicultural Sells San Diego AM
May 27, 2014 at 5:34 AM (PT)
The price being paid by CONOISSEUR MEDIA for AC WALK-A-F/PATCHOGUE, LONG ISLAND, NY in the three way deal between QANTUM, which is swapping its 29 stations to CLEAR CHANNEL in exchange for acquiring WALK from CLEAR CHANNEL's ALOHA STATION TRUST, and CONNOISSEUR, which is stepping in to buy WALK, is $50 million. The contract filed with the FCC reveals the previously undisclosed price. In addition, QANTUM is spinning WBGA/ST. SIMONS ISLAND, GA into the BRUNSWICK STATION TRUST with JEANETTE TULLY, also trustee of the ALOHA TRUST as trustee
In other filings with the FCC, MULTICULTURAL RADIO BROADCASTING LICENSEE, LLC is selling KNSN-A/SAN DIEGO to CRAWFORD BROADCASTING affiliate KIERTRON, INC. for $1.5 million. KIERTRON also owns Religion KBRT-A/AVALON-LOS ANGELES.
EDUCATIONAL MEDIA FOUNDATION has requested a Silent STA for W212BV/MERIDIAN, MS to alleviate interference with a full-power station which came on the air on MAY 14th.
VANDERBILT STUDENT COMMUNICATIONS, INC. has closed on the sale of noncommercial Classical WFCL (formerly WRVU)/NASHVILLE to NASHVILLE PUBLIC RADIO for $3.35 million.
EVANGEL HEIGHTS ASSEMBLY OF GOD has closed on the sale of Religion WAVL-A (LIBERTY 910)/APOLLO-PITTSBURGH, PA to FAMILY-LIFE MEDIA-COM.
LAKE HAVASU CHARTER SCHOOL, INC. has closed on the donation of FM translator K232EY/KINGMAN, AZ and the construction permit for K294CQ/LAKE HAVASU CITY, AZ to ADVANCE MINISTRIES, INC. d/b/a NEW LIFE CHRISTIAN SCHOOL.
And JOHN BYERS has closed on the sale of FM translator K221BI/EAST WENATCHEE, WA to MCC RADIO, LLC for $45,000.