Contract For Creditor To Buy Free Lance-Star Stations Filed With FCC
June 13, 2014 at 7:14 AM (PT)
The official paperwork for the sale of debtor-in-possession FREE LANCE-STAR PUBLISHING CO. OF FREDERICKSBURG, VA's stations -- Country WFLS, News-Talk WNTX-A-W234BS, Top 40/Rhythmic WVBX (99.3 THE VIBE), and Classic Rock WWUZ (96.9 THE ROCK)/FREDERICKSBURG, VA -- to creditor SANDTON CAPITAL's FREE LANCE-STAR LICENSE, INC. has been filed with the FCC, showing the purchase price as $6,405,056 plus $1.2 million in a credit bid covering outstanding obligations under Lender Loan Documents, cure amounts and assumption of certain liabilities. (The total bid, including the newspaper and printing facilities, included a credit bid of $13.9 million plus $16.3 million in cash.)
In other filings with the FCC, EDUCATIONAL MEDIA CORPORATION is selling noncommercial Classical WWEM/RUSTBURG, VA to PATHWAY CHRISTIAN ACADEMY, INC. for $136,000.
ROSE-HULMAN INSTITUTE OF TECHNOLOGY is selling noncommercial Variety WMHD-F/TERRE HAUTE, IN to INDIANA STATE UNIVERSITY BOARD OF TRUSTEES for $16,465.
RADIO TRAINING NETWORK, INC. is selling W228CV/BRIARCLIFF, NC to CURTIS MEDIA's EASTERN AIRWAVES, LLC for $160,000.
WRVM, INC. is selling W254AX/MERRILL, WI to RESULTS BROADCASTING, INC. for $22,500.
PROCTOR-WILLIAMS, INC. has filed for a Silent STA for KSET-A/LUMBERTON, TX after losing its programming source.
TRIANGLE SPORTS BROADCASTERS, LLC has closed on the sale of WDUR-A/DURHAM, NC to RAVI CHERUKURI 's AROHI MEDIA LLC for $150,000.
And CALVARY CHAPEL HEARTLAND, INC. has closed on the sale of the construction permit for a new FM at REYNOLDS, GA to FORT VALLEY STATE UNIVERSITY (the Board of Regents of the UNIVERSITY SYSTEM OF GEORGIA) for $7,400 to cover expenses.