Price For Entercom-Stephens Rochester Deal: $13.25 Million
May 12, 2008 at 5:00 AM (PT)
ENTERCOM's sale of AC WRMM (WARM 101.3), Alternative WZNE (THE ZONE 94.1), and Adult Hits WFKL (FICKLE 93.3)/ROCHESTER to STEPHENS MEDIA GROUP now has a price attached to it, as the deal's FCC filing shows STEPHENS paying $13.25 million for the trio. The price was not disclosed at the time of the deal's initial announcement. STEPHENS assumed control of the stations' programming under a time brokerage agreement dated APRIL 28th.
In another transaction filed with the FCC, JOHN SALYER's 57% share of WDMS, INC., licensee of Sports WGVM-A and Country WDMS (REAL COUNTRY 100.7)/GREENVILLE, MS, has been placed with a trustee following SALYER's filing of Chapter 7 bankruptcy. Paperwork filed with the FCC shows SALYER's interest being transferred to interim trustee JEFFREY A. LEVINGSTON.