Price For Apex-Community Fort Walton Beach Deal: $5.9 Million
June 22, 2016 at 3:59 AM (PT)
The price for COMMUNITY BROADCASTERS LLC's previously-announced purchase of four FMs in the FORT WALTON BEACH market, Top 40 WECQ (Q92)/DESTIN, FL; Country WHWY (HIGHWAY 98)/HOLT, FL; Adult Hits WWAV (102.1 THE WAVE)/SANTA ROSA, FL; and Alternative WZLB (103.1 THE BLAZE)/VALPARAISO, FL, from APEX BROADCASTING INC. is $5.9 million plus a time brokerage agreement before closing, according to the contract filed with the FCC. The price was undisclosed with the initial announcement.
In other filings with the FCC, WEST CENTRAL MICHIGAN MEDIA MINISTRIES has requested an extension of its Silent STA for KTGG-A/SPRING ARBOR, MI after losing its antenna site. The licensee has also requested a Silent STA for W284AH/LANSING, MI, which is being moved to co-location with KTGG's new facilities.
AIR SOUTH RADIO, INC. has closed on the sale of AC WFTA (POWER 101)/FULTON-TUPELO, MS, Adult Hits WCNA (MAX 95.9)/POTTS CAMP-TUPELO, MS, and AC WLZA/EUPORA-STARKVILLE, MS to TELESOUTH COMMUNICATIONS, INC. for $1.15 million (WFTA and WLZA $500,000 each, WCNA $150,000) plus a lease at the WFTA tower, which remains owned by AIR SOUTH).
COLONIAL RADIO GROUP, INC. has closed on the purchase of Silent WNMB-A/NORTH MYRTLE BEACH, SC from BEATTY BROADCASTING CO. for $1,000.
JODY COPELAND has closed on the sale of Classic Rock KXIO/CLARKSVILLE, AR to OZARK MOUNTAIN BROADCASTING for forgiveness of debt.
JOHN C. FOSTER, SR. and BOBBIE C. FOSTER have closed on the transfer of 10% each of HABERSHAM BROADCASTING COMPANY, INC., licensee of Adult Standards WCON-A, Country WCON-F, and W299AT/CORNELIA, GA, to JOHN CLAYTON FOSTER, JR. and DAVID CARPENTER FOSTER. JOHN SR. and BOBBIE FOSTER each retain 40% of the company, with the sons taking 10% each.
PAUL ANDERSON has closed on the sale of K259CM/MOAB, UT and K266BF/GREEN RIVER, UT to BRANDT ELLIS PIERCE for $100.
WORLD RADIO NETWORK, INC. has closed on the sale of K281CC and K277CW/BENSON, AZ to CARLOS LOPEZ for $3,000 each.
HORIZON CHRISTIAN FELLOWSHIP has closed on the sale of W293BN/BARNSTABLE, MA to BLOUNT MASSCOM, INC.for $88,000. The buyer plans to move the translator to rebroadcast Religion WVNE-A/LEICESTER-WORCESTER, MA.
And RADIO TRAINING NETWORK, INC. has closed on the sale of W254BN/SPARTA, GA to NORSAN MEDIA, LLC for $70,000.