Station Deals: Illinois AM, Wisconsin LPFM
May 27, 2008 at 5:26 AM (PT)
FOX VALLEY BROADCASTING CO. is buying Talk WRMN-A/ELGIN, IL from ELGIN BROADCASTING CO. for $712,500. ALEXANDER MCNAUGHTON and RICK JAKLE are principals in both companies.
In another deal filed with the FCC, TOMAHAWK LIGHT BROADCASTING, INC. is donating the license for low-power WLBI-LP/TOMAHAWK, WI to ABOVE AND BEYOND BROADCASTING, INC. for no consideration. The transferor is applying for a full-power noncommercial station and needs to transfer the LPFM to comply with the rules.