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Georgia FM Sold
May 26, 2017 at 5:41 AM (PT)
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ARTHUR LYNESS is selling Country WULK/CRAWFORDVILLE, GA to WYCHE SERVICES CORPORATION for LYNESS borrowing $45,000 in a promissory note plus an LMA before closing and a $600/month consulting contract.
In other filings at the FCC, CENTRO FAMILIAR CRISTIANO has requested an extension of its Silent STA for KGIO/ASTORIA, OR due to repairs.
The CITY OF MORRO BAY has closed on the transfer of low-power FM KEBF-LP/MORRO BAY, CA to ESTERO BAY COMMUNITY RADIO for $1 consideration.
LATINO COMMUNICATIONS, LLC has closed on the sale of Regional Mexican KXRE-A (QUE BUENO)/MANITOU SPRINGS-COLORADO SPRINGS, CO to PUBLIC BROADCASTING OF COLORADO, INC. for $550,000.
The Estate of CHESTER COLEMAN has closed on the re-acquisition of News-Talk KVNT-A (VALLEY NEWSTALK 1020)/EAGLE RIVER-ANCHORAGE, AK from ALASKA INTEGRATED MEDIA due to an alleged default on a $400,000 promissory note and the sale of the station to CHRISTIAN BROADCASTING, INC. for $214,000 plus $7,000 for certain equipment. The buyer has been programming KVNT under a Time Brokerage Agreement since APRIL 2015.
And W. CHARLES WELCH's WELCH COMMUNICATIONS, INC. has closed on the assignment Urban WJUC (THE JUICE 107.3)/SWANTON-TOLEDO, OH to FLEMING STREET COMMUNICATIONS, INC., owned by his children, for no consideration as part of his estate planning.

