Backer Forecloses On Radio Group
July 16, 2008 at 5:42 AM (PT)
WALLERSUTTON 2000 LP, financial backer and 50% owner of several radio stations with ROUTE 81 RADIO, has foreclosed on ROUTE 81 and is taking ROUTE 81's 50% interest in the stations for its WS2K RADIO LLC. The stations include Talk WCOJ-A/COATESVILLE, PA; Classic Hits WGMM (GEM 98.7), Talk WENI-A and Sports WCBA-A (FOX SPORTS 1350)/CORNING, NY; AC WENI-F/BIG FLATS, NY; Talk WENY-A and AC WENY-F/ELMIRA, NY; Classic Hits WAZL-A/HAZLETON, PA; AC WLNP (LITE 94.3) and Spanish Hits WCDL-A (CALIENTE 1440 AND 730)/CARBONDALE, PA; Adult Standards WHYL-A/CARLISLE, PA; and Spanish Hits WNAK-A (CALIENTE 1440 AND 730)/NANTICOKE, PA. WALLERSUTTON 2000 foreclosed at a public foreclosure sale on MONDAY (7/14).
In other deals filed with the FCC, INNER CITY BROADCASTING CORP.'s URBAN RADIO II, L.L.C. is buying Rock WRXW (ROCK 93.9)/PEARL-JACKSON, MS from BACKYARD BROADCASTING for $700,000. BACKYARD previously announced the sale of Adult Hits WWJK (94.7 JACK FM)/JACKSON, MS to CLAY and BOB HOLLADAY's NEW SOUTH RADIO, LLC.
Also, RICHARD NUTHMANN is selling his 100% interest in SUNSET RADIO, licensee of Talk KMET-A/BANNING, CA, to DAVID TOW for one dollar consideration; BOWIE COUNTY BROADCASTING CO., INC. is selling Religion KNBO-A/NEW BOSTON, TX to CHAPEL OF LIGHT for $70,000; VIDA RADIO MINISTRIES is selling Spanish Religion WCRM-A/FT. MYERS, FL to MANNA CHRISTIAN MISSIONS for $950,000; and W & C BROADCASTING, INC. is transferring FM translator W254AS/LOUISBURG, NC to CAPITOL BROADCASTING COMPANY, INC. as part of the previously-filed sale of the construction permit for WNCM/GARYSBURG, NC to CAPITOL.