Northern California Pair Sold
September 2, 2008 at 5:19 AM (PT)
FOUR RIVERS BROADCASTING, INC. is selling two FMs and three translators in northern CALIFORNIA to JAMISON-WOLF ENTERPRISES, INC. for $925,000 ($75,000 down, $600,000 in a promissory note, $250,000 in a separate mortgage/promissory note). The deal includes Country KSYC-F/YREKA, Talk KNTK/WEED, K257CA/MT. SHASTA, K221BK/ETNA, and K269AT/GRENADA. The buyers took over the stations in an LMA on AUGUST 1 and KNTK is flipping to Classic Hits.
In other deals filed with the FCC, Talk KSXT-A/LOVELAND, CO is being transferred to LOVELAND RADIO, LLC after owners O.J. & CAROL PRATT defaulted on loans totaling $714,894 in principal and interest. LOVELAND is a wholly-owned subsidiary of WP MANAGEMENT, LLC.
The construction permit for a new FM in TONOPAH, NV is being transferred by CHAMPLAIN RADIO, INC. to TONOPAH RADIO, LLC, a company in which CHAMPLAIN will hold a 49.9% interest. TONOPAH is headed by veteran NEVADA station operator FRED WEINBERG; CHAMPLAIN is headed by CARL AUEL.
And ISOTHERMAL COMMUNITY COLLEGE is selling FM translator W259AV/KNOXVILLE to APPALACHIAN EDUCATIONAL COMMUNICATION CORPORATION for $25,000.