Sold: Indiana AM, Florida LPFM
May 30, 2014 at 4:53 AM (PT)
COLUMBUS RADIO, INC. is selling Oldies WJCP-A/NORTH VERNON, IN to TOM TAYLOR AND DIANA TAYLOR for $70,000. The deal, originally reached in 2011, is part of a settlement of a civil dispute over the sale of land by JOHN W. SCHULER and BARBARA W. SCHULER to MARTY PIERATT (PIERATT COMMUNICATIONS/COLUMBUS RADIO, INC.), in which the TAYLORS are now to pay $45,000 plus 6% per year for part of the land and $25,000 plus 4% per annum for 36 months for another portion. The TAYLORS have operated the station under an LMA since 2011.
In other filings with the FCC, LATINOS BROADCASTING ORGANIZATION is transferring low power FM WBVL-LP/BUENA VENTURA LAKES, FL to THE BROADCASTING GROUP, INC. for $40,000 (the depreciated fair market value of equipment).
RADIO DESAFIO NETWORK, INC. is donating K300CW/INDIO, CA to ONDAS DE VIDA NETWORK, INC.
HEARTLAND BROADCASTING CORP. has closed on the sale of Country WZZS (106.9 THE BULL)/ZOLFO SPRINGS, FL and Regional Mexican WZSP (LA ZETA 105.3)/NOCATEE, FL to SOLMART MEDIA, LLC for $469,000.
WPW BROADCASTING, INC. has closed on the sale of Oldies simulcast WPWQ/MOUNT STERLING, IL and KWBZ/MONROE CITY, MO (THE OLDIES SUPERSTATION) to LARRY G. BOSTWICK's LB SPORTS PRODUCTIONS LLC for $175,000.
L. TOPAZ ENTERPRISES, INC. has closed on the sale of the construction permit for KQGD/ALTURAS, CA to WOODROW MATTHEW WARREN for $25,000
HUMBOLDT COUNTY, NV has closed on the sale of K232BK/WINNEMUCCA, NV to RUBY RADIO CORP. for $2,000 cash and $10,000 in advertising.
And HAZARD BROADCASTING SERVICES, INC. has closed on the sale of Gospel WJMD/HAZARD, KY to HAZARD BROADCASTING, INC. for $100.