KMVP Price: $3.8 Million
June 13, 2007 at 5:44 AM (PT)
BONNEVILLE's sale of Sports KMVP-A/PHOENIX to JOHN DOUGLAS' AIM BROADCASTING LLC now has a price associated with it, as the FCC filing indicates that DOUGLAS is paying $3.8 million and also entering an LMA to operate the station before closing. The station -- 1,000 watts at 860 AM -- has been simulcasting its former Sports format, which moved to sister KTAR-A in JANUARY when KTAR's Talk format moved to FM.
More Sales: EMF Buys And Sells, RSE Sells Indiana AM
In other deals filed with the FCC, EDUCATIONAL MEDIA FOUNDATION is buying another station, picking up noncommercial Contemporary Christian KVRN (POSITIVE FAMILY RADIO)/MARVELL, AR (southwest of MEMPHIS, halfway to PINE BLUFF) from EAST ARKANSAS EDUCATIONAL FOUNDATION OF PHILLIPS COUNTY for $300,000 ($125,000 down and $175,000 in a seven-year promissory note). EMF, at the same time, is selling the construction permit for FM translator K232DF/MANY, LA to RICHARD BECK for $5,000; the translator will rebroadcast the seller's KLXA/ALEXANDRIA, LA.
And RSE BROADCASTING LLC is selling Classic Hits WKWH-A/SHELBYVILLE, IN to 3 TOWERS BROADCASTING COMPANY LLC for $225,000 ($76,000 down and the rest in a five-year promissory note). RSE recently separately sold Country WKWH-F (POWER COUNTRY 94.3)/RUSHVILLE, IN to DAVID A. RODGERS' RODGERS BROADCASTING CORP. for $1.5 million.