Reed Buys San Juan FM
August 22, 2007 at 5:44 AM (PT)
GEORGE REED's MSG RADIO is buying Spanish Hits WIAC-F (SISTEMA 102)/SAN JUAN and its boosters in PONCE and CEIBA from LUIS A. MEJIA for $4 million in a promissory note.
More Sales: EMF Buys Texas CP
In other deals filed with the FCC, EDUCATIONAL MEDIA FOUNDATION is buying an FM construction permit allocated to MORTON, TX from MORTON COCHRAN COUNTY EDUCATIONAL FOUNDATION for $425,000 ($250,000 cash, $200,000 in a promissory note).
And EDGEWATER BROADCASTING INC. is selling FM translator K257EU/CHILDRESS, TX to GRACE COMMUNITY CHURCH OF AMARILLO for $20,000 cash. The buyer plans to use the translator to rebroadcast AMERICAN FAMILY ASSOCIATION's noncommercial KBAH/CHILDRESS, TX.