WEST/Easton, PA Sold
January 23, 2007 at 5:52 AM (PT)
MARANATHA BROADCASTING COMPANY INC. sells AC WEST-A/EASTON, PA to MATTHEW and MARY BRACCILLI's LEHIGH VALLEY BROADCASTING ASSOCIATION for $1.125 million ($50,000 cash and the remainder in a promissory note).
The seller holds onto independent WFMZ-TV/ALLENTOWN and also owns six stations in the GRAND JUNCTION, CO market. The buyer owns an interest in Spanish Tropical WHOL-A (HOLA 1600)/ALLENTOWN.