FCC Filing Shows $8 Million Price For KFWB/Los Angeles
January 7, 2016 at 3:01 AM (PT)
The official sale price by which KFWB ASSET TRUST is selling Sports KFWB-A (THE BEAST 980)/LOS ANGELES to CHARLIE BANTA's UNIVERSAL MEDIA ACCESS - KFWB-AM, LLC (MERCURY CAPITAL PARTNERS PRINCIPLE KFWB-AM LOS ANGELES FUND, L.P., sole member; MERCURY CAPITAL PRINCIPLE KFWB-AM GP, LLC, general partner) is $8 million, according to the contract filed with the FCC. MERCURY's SEC filing in DECEMBER showed the company attempting to raise $15 million for the purchase.
In other filings with the FCC, WATERFRONT COMMUNICATIONS INC. is selling News-Talk WNZS-A/VEAZIE, ME to PINE TREE BROADCASTING, LLC for $25,000 plus a time brokerage agreement before closing.
EDGEWATER BROADCASTING, INC. is selling W263CF/MERIDIAN, MS to MAX ONE COMMUNICATIONS, INC. for $20,000.
FIRST VENTURES CAPITAL PARTNERS, INC. is selling K260BJ/KAHOKA, MO to WENNES COMMUNICATIONS STATIONS, INC. for $28,000.
OAK HILLS FELLOWSHIP, INC. is donating W224AB/BEMIDJI, MN and W228AA/RED LAKE, MN to HEARTLAND CHRISTIAN BROADCASTERS, INC.
JOSHUA KESLER is selling W283AI/MOUNT VERNON, KY to CHOICE RADIO CORPORATION for $38,000.
FAMILY STATIONS, INC. has requested a Silent STA for KPFR/PINE GROVE, OR due to satellite failure.
ESTUARDO VALDEMAR RODRIGUEZ and LEONOR RODRIGUEZ have applied for an extension of their Silent STAs for WSRP-A/JACKSONVILLE, NC and WREV-A/REIDSVILLE, NC while they try to secure alternative financing for the stations' operations.
WLNO TRUST (STEPHAN C. SLOAN, Trustee) has closed on the sale of Silent WLNO-A/NEW ORLEANS to DONALD H. PUGH SR.'s ETERNITY MEDIA GROUP LLC for $1,000 plus $94,000 for the right to enter the station's land to remove property.
PHILIP H. HAYES has closed on the sale of W244BW/HAZARD, KY to MOUNTAIN BROADCASTING SERVICE, INC. for $43,000. The translator will rebroadcast AC WZQQ-A/HAZARD.
MARY V. GUTHRIE has closed on the sale of the construction permit for K270BZ/PHOENIX, AZ to RIVIERA BROADCASTING, LLC for $175,000. The primary station will be Hot AC KEXX (HOT 97.5/103.9 TRENDING RADIO, simulcast with KMVA)/GILBERT/PHOENIX.
And SUSAN J. SMITH has closed on the sale of K243CD/BREWSTER, WA to DIVINE MERCY BROADCASTING for $2,400 while DR. MIKE ISENHART has closed on the sale of K254CJ/CHELAN, WA, K290BD/OMAK, WA, K244DY/TWISP, WA, and K284BC/WINTHROP, WA to the same buyer for $31,200.