Price For WWRC/D.C.: $3.1 Million
April 22, 2010 at 4:30 AM (PT)
The previously undisclosed price attached to the sale of RED ZEBRA BROADCASTING Business Talk WWRC-A (MONEY 1260)/WASHINGTON to SALEM COMMUNICATIONS' SALEM MEDIA OF VIRGINIA, INC. is $3.1 million. The deal also includes an LMA before closing, with SALEM taking over on MAY 15th, likely with its syndicated secular conservative talk format.
In other deals filed with the FCC, NEW LIFE EVANGELISTIC CENTER, INC. is selling WCBW-F/EAST ST. LOUIS, IL to ILLINOIS BIBLE INSTITUTE, INC. for $200,000 plus a time brokerage agreement.
TEXOMA BROADCASTING, INC. is selling the construction permit for a new FM in DETROIT, TX to CRETA L. CARTER II's VISION MEDIA GROUP, INC. for $285,000.
PENSACOLA CHRISTIAN COLLEGE is selling a construction permit for a new FM in GORE, VA to LIBERTY UNIVERSITY for $8,000.
CALVARY CHAPEL OF COSTA MESA, INC. is selling FM translator W204AZ/MADISON HEIGHTS, VA to CALVARY CHAPEL OF LYNCHBURG for $1.
VERNON FLOYD, the receiver for UNITY BROADCASTERS, is assigning WGDQ/SUMRALL, MS to his own CIRCUIT BROADCSTING OF HATTIESBURG.
And FOUNDATION FOR MEDIA EDUCATION, INC. is transferring low power FM WXOJ-LP/NORTHAMPTON, MA to VALLEY FREE RADIO, INC. for no consideration.
In another filing, CHAPARRAL BROADCASTING, INC. has applied for a Silent STA after taking KEZQ/WEST YELLOWSTONE, MT off the air pending a channel and location change to IONA, ID. The station cannot move until another station, IDAHO WIRELESS Country KZBQ/POCATELLO, ID, makes its own channel change, which CHAPARRAL says it has offered reimbursement to make happen faster, an offer it says has been rebuffed.
And EDUCATIONAL MEDIA FOUNDATION has been granted a Legal STA to bring KSTN-F/CITRUS HEIGHTS-SACRAMENTO back on the air for brief periods at its authorized site to prevent the license from expiring. KSTN-F has been off the air since APRIL 17th, 2009 after the FAA complained that the new facility could cause intermodulation interference to an air traffic control frequency. EMF told the Commission, "EMF has continued to work with the FAA in an effort to resolve this issue, and has offered solutions that should resolve the issue. In recent months, the discussions between the parties have narrowed the issues, and emf believes that the parties are moving toward a resolution that would resolve the predicted interference issue. However, EMF and the FAA will not be able to fully resolve this issue before the one year silent period for the station runs out on APRIL 17th, 2010." The station came back on the air for overnight hours earlier this month under the Legal STA.