Station Sales: VA Noncomm, GA CP
January 26, 2010 at 5:09 AM (PT)
SWEET BRIAR COLLEGE is selling noncommercial Alternative/Triple A WNRS/SWEET BRIAR, VA to STU-COMM,, INC. for 25% of the gross revenues collected from the station's coverage area as long as the buyer owns the station, plus one seat on the buyer's Board of Directors. The buyer brokers the station and mostly simulcasts its WNRN/CHARLOTTESVILLE.
HILL & GLOVER BROADCASTING, LLC is selling the construction permit for WSHX/THUNDERBOLT, GA to NORTH STAR BROADCASTING PARTNERS, LLC for $5,000.
RANDY HOUSTON is selling his 100% interest in SOUTHERN BROADCASTING, INC., licensee of Southern Gospel WHBK-A/MARSHALL, NC, to MILDRED PHILLIPS for forgiveness of debt. HOUSTON bought the company in 2008 for $300,000 from J. BRUCE PHILLIPS but could not pay back the sale expenses to the seller.