Programmer/Host Gets 25% Of KFNS-A/St. Louis
June 8, 2016 at 4:16 AM (PT)
RANDY MARKEL is selling 25% of Sports KFNS-A/WOOD RIVER, IL-ST. LOUIS to TIM MCKERNAN, and assigning the station's license from MARKEL RADIO GROUP, LLC to MCKERNAN RADIO GROUP, LLC, although MARKEL will retain 75% control of the licensee. MARKEL will pay MCKERNAN a $50,000 signing bonus and will establish a $200,000 working capital reserve fund. MCKERNAN will continue programming the station and hosting his "THE MORNING AFTER" show 7-10a (CT) weekdays, and INSIDESTL.COM will become the station's website. MCKERNAN will also get a right of first refusal to buy out MARKEL and match any offer to buy the station. And MCKERNAN is contemporaneously signing an employment contract with the new company for five years at annual rates of $200,000, $225,000, $250,000, $275,000, and $300,000 plus a car allowance of an aggregate $1,950/month for himself, his spouse, and one employee, with a $100,000 buyout if the station is sold to a third party.
In other filings with the FCC, JOULE BROADCASTING, LLC, the CUMULUS spinoff entity managed by broker EDDIE ESSERMAN, is selling Adult Standards WNZZ-A/MONTGOMERY, AL to SHELBY BROADCAST ASSOCIATES for $55,000.
IN PHASE BROADCASTING, INC. is selling Tejano KBGT (LA VOZ 93.3)/BUFFALO GAP-ABILENE, TX to PETE GARCIA's EXTREME MEDIA, LLC for $317,290.73.
MOREY BROADCASTING, LLC is selling Oldies KTAT-A/FREDERICK, OK to HIGH PLAINS RADIO NETWORK, LLC for $35,000.
TOWNSQUARE MEDIA ONEONTA LICENSE, LLC has applied for an extension of its Silent STA for WCHN-A/NORWICH, NY due to problems with the base insulator of its tower.
The UNIVERSITY OF MASSACHUSETTS is selling W250BV/PITTSFIELD, MA to PAMAL BROADCASTING's 6 JOHNSON ROAD LICENSES, INC. for $70,000. The buyer plans to move the translator to rebroadcast Classic Country WGHQ-A/KINGSTON, NY.
KRISTI D. SYNER is selling W299CF/BIG CHIMNEY, WV to ZACK MEDIA, LLC for assumption of $18,173.03 of liabilities. The buyer plans to move the translator to rebroadcast Southern Gospel WRRL-A (SOUTHERN GOSPEL 1130)/RAINELLE, WV.
VIC MICHAEL's CEDAR COVE BROADCASTING, INC. is selling W208BU/BERWICK. PA to FOREVER MEDIA's FM RADIO LICENSES, LLC for $40,000. The buyer plans to move the translator to rebroadcast Classic Country WHVR-A (REAL COUNTRY 1280)/HANOVER-YORK, PA.
COUNTRYSIDE BROADCASTING, INC. is selling W263CT/CENTRALIA, IL to SAMUEL STRATEMEYER for $33,500. The translator will rebroadcast Country WIBV/MOUNT VERNON, IL.
TRUTH BROADCASTING CORPORATION has closed on the sale of Classic Hits WEGO-A (CLASSIC HITS WTOB)/WINSTON-SALEM, NC to SOUTHERN BROADCAST MEDIA LLC for $164,000; the buyer took over programming under an LMA in DECEMBER.
MILLER COMMUNICATIONS, INC. has closed on the sale of W259CL/ORANGEBURG, SC to ALPHA MEDIA LICENSEE LLC for $174.500. The translator will rebroadcast WARQ-HD2/COLUMBIA, SC.
And SCREEN DOOR BROADCASTING, LLC has closed on the sale of K279CS/MEXICO, MO to BRANDY COMMUNICATIONS, INC. for $35,000. The buyer plans to move that translator to rebroadcast Country KOFO-A/OTTAWA, KS.