Trustee Named For Citadel KATT-F Spin
June 16, 2008 at 5:24 AM (PT)
CITADEL officially puts Classic Country KKAT-F (COUNTRY LEGENDS 107.5)/SALT LAKE CITY into trust for sale, assigning the station to WASATCH RADIO, LLC, headed by SCOTT KNOBLAUCH, in paperwork filed with the FCC. The station is being spun off due to CITADEL's acquiring Rock KHTB (THE BLAZE)/PROVO-SALT LAKE CITY from CHRIS DEVINE's 3 POINT MEDIA for forgiveness of a $26 million loan on which 3 POINT defaulted. KNOBLAUCH serves as the trustee for CUMULUS spinoffs including AC KMAJ-F (MAGIC 107.7)/TOPEKA and Country WBCK-A/BATTLE CREEK, MI.
Also filed with the FCC, HORIZON CHRISTIAN FELLOWSHIP is selling eleven FM translators in MINNESOTA, SOUTH DAKOTA, and IOWA to MINNESOTA PUBLIC RADIO for $240,000.