KZGL Swapped For CP In Flagstaff
May 19, 2010 at 3:16 PM (PT)
TOWERS INVESTMENT TRUST is swapping its recently-acquired Triple A KZGL (EAGLE 103.7)/FLAGSTAFF, AZ to GREG DINETZ' GRENAX BROADCASTING II, LLC for the construction permit for a new FM at CHINO VALLEY, AZ. TOWERS, headed by BILL BROTHERS, bought KZGL from KALIL HOLDING GROUP LLC as receiver for former owner WALKER BROADCASTING, INC. for $350,000 in a deal that closed in APRIL.
KALIL AND CO. is serving as exclusive broker for the transaction.