Michigan AM Goes Into Receivership
June 10, 2009 at 5:23 AM (PT)
MICHAEL ST. CYR's WJNZ RADIO, LLC, licensee of Urban AC WJNZ-A (1140 JAMZ)/GRAND RAPIDS, has been placed into involuntary receivership, according to a filing with the FCC. AMICUS MANAGEMENT, INC., headed by DANIEL J. YEOMANS, has been appointed as receiver by Circuit Court for KENT COUNTY, MI.
In other transactions filed with the FCC, RADIO ASSIST MINISTRY, INC. is selling FM translators K275BB/ROSEAU, MN, K300AS/THIEF RIVER FALLS, MN, and K225AQ/PARK RAPIDS, MN to SHINE THE LIGHT, INC. for $2,200 under a purchase option included in a rebroadcasting agreement; RAM's sister company EDGEWATER BROADCASTING, INC. is selling K235BP/BEMIDJI, MN to SHINE THE LIGHT for $740; FAMILY LIFE MINISTRIES, INC. is selling W256BA/JAMESTOWN, NY to FMX BROADCASTING for $2,000; and DIGITAL RADIO BROADCASTING, INC. is selling W282BF/HONESDALE, PA to BOLD GOLD MEDIA GROUP, L.P. for $40,000.