Price For KLQB/Austin Spin: $20 Million
May 24, 2007 at 5:44 AM (PT)
ENTERCOM's previously announced spinoff of Regional Mexican KLQB (LA QUE BUENA, formerly Top 40/Rhythmic KXBT [THE BEAT 104.3])/TAYLOR-AUSTIN, TX to UNIVISION now has a price attached, as the parties file the deal at the FCC and the paperwork shows a $20 million purchase price. ENTERCOM acquired the station as part of its three-market purchase of some CBS RADIO stations and spun the station to UNIVISION in FEBRUARY.
In other FCC filings, EDUCATIONAL MEDIA FOUNDATION is swapping stations, filing to trade WRRI/BROWNSVILLE, TN and five FM translators -- K209DK/BIG SPRING, TX; K204DI/HOT SPRINGS, AR; K208CV/TUMALO, OR; K264AN/MEADOW, TX; and W288BJ/MILLINGTON, TN -- to RADIO ASSIST MINISTRY INC./EDGEWATER BROADCASTING for FM translators K300BU/SIKESTON, MO; W289BB/PORT HURON, MI; W225AW/PERU, IL; K249DT/ATCHISON, KS; K285FI/MUSKOGEE, OK; W257BP/WEIRTON, WV; and K273BM/FARMINGTON, NM in an even swap.
MORRIS BROADCASTING AND COMMUNICATIONS is selling the construction permit for a new noncommercial FM at MCCONNELLSBURG, PA to FOUR RIVERS COMMUNITY BROADCASTING for $25,000.
JAMES E. MARTIN, JR. sells his 50% interest in INTERMART BROADCASTING OF POCATELLO, permittee of new FM facility KPPC/POCATELLO, ID, and his 50% interest in INTERMART BROADCASTING OF TWIN FALLS, permittee of KSNQ/TWIN FALLS, ID, to PATRICIA S. WOODS for $20,950 for each station.
HF BROADCASTING PERRY, LC (estate of GARY WILLIAMS) is selling WPRY-A/PERRY. FL to PERRY'S COMMUNITY RADIO, LLC for $150,000.
And JAMES KILGORE's SOUTHEAST BROADCAST CORP. is buying WJJT/JELLICO, TN from DOUGLAS BROADCASTING, INC. for $250,000.