Saga Ithaca Spin-Off A Donation
November 8, 2006 at 5:58 AM (PT)
The previously disclosed spinoff by SAGA of its newly acquired Talk WKRT-A/CORTLAND, NY to BIBLE BROADCASTING NETWORK has a price, according to an FCC filing, and it's... zero.
SAGA is donating the station, being acquired from CITADEL in a two-station, $4 million deal, to CHARLOTTE-based BIBLE, in order to comply with ownership limits in the ITHACA market. SAGA is keeping its other acquisition from CITADEL, Classic Rock WIII (I-100).