Border Media Spins Off KFON; WV Station Changes Hands
January 6, 2010 at 4:36 AM (PT)
BORDER MEDIA PARTNERS is selling Regional Mexican KFON-A/AUSTIN to RICHARD E. OPPENHEIMER's REO RADIO GROUP, LLC for $1.4 million cash. BMP, which was taken over by its lenders, is in the process of transferring its other 22 stations to BORDER MEDIA BUSINESS TRUST, with broker LARRY PATRICK serving as trustee.
STEPHEN R. PETERS is transferring Southern Gospel-Country WOTR/WESTON, WV to DELLA JANE WOOFTER as a gift for consideration of one dollar.
In other deals filed with the FCC, WAY-FM MEDIA GROUP, INC. is selling FM translator W289BF/UNION POINT, GA to WCHM RADIO, LLC for $25,000; and FMX BROADCASTING is selling FM translator W251AJ/MELROSE PARK, NY to AUBURN BROADCASTING, INC. for $2,000.