Trust Sells CC Jax Spinoff
October 20, 2008 at 9:59 AM (PT)
ALOHA STATION TRUST is selling CLEAR CHANNEL spinoff Gospel WROO (HALLELUJAH 92.7 FM)/GREEN COVE SPRINGS-JACKSONVILLE, FL to FLAGLER COUNTY BROADCASTING, LLC for $350,000.
The price for SALEM affiliate CARON BROADCASTING's purchase of WZAB-A/SWEETWATER-MIAMI from KAREN M. COX D/B/A FLORIDA CITY RADIO is $1.4 million, according to paperwork filed with the FCC. SALEM recently put WZAB on the air with a business news format as "THE BIZ."
In other deals filed with the FCC, PETER W. DAVIDSON is transferring his 33.3% interest in DAVIDSON MEDIA STATION WOLI LICENSEE, LLC, licensee of Regional Mexican WOLI-F (LA LIDER 103.9)/EASLEY, SC-GREENVILLE-SPARTANBURG, to partners CAPSTREET II, L.P. and CITIGROUP VENTURE CAPITAL INTERNATIONAL in a transaction related to the previously-filed $10.024 million transfer of several stations from DAVIDSON MEDIA affiliates to GOLDEN DOOR BROADCASTING.
EDUCATIONAL MEDIA FOUNDATION is buying Religion KSFS/SIOUX FALLS, SD from AMERICAN FAMILY ASSOCIATION for $650,000.
GATEWAY PUBLIC RADIO, INC. is selling noncommercial Southern Gospel WELJ/BREWTON, AL to AGAPE EDUCATIONAL MEDIA for $100,000.
DOUGLAS M. SUTTON, JR. is transferring 50% of LAKE HARTWELL RADIO, INC., licensee of Country WLHR-F/LAVONIA, GA, to M. TERRY CARTER for assumption of half of the company's corporate debt (totaling $158,185.91). CARTER is SVP/COO of GEORGIA-CAROLINA RADIOCASTING COMPANIES, parent of the licensee.
CHRIS W. KIDD's EASTERN SIERRA BROADCASTING is selling the construction permit for a new AM in SUSANVILLE, CA to GARY KATZ's SIERRA RADIO, INC. for $10,000.
And NORTH FORK CHRISTIAN RADIO, INC. is selling FM translator K219AH/PAONIA AND HOTCHKISS, CO to UNITED MINISTRIES for $10.