Sold: California CP, Maryland AM
September 22, 2010 at 4:42 AM (PT)
MAGNOLIA RADIO CORPORATION is selling the construction permit for KQMX/LOST HILLS, CA to DEPORTES Y MUSICA COMUNICACIONES LLC for $950,000. MAGNOLIA sold the construction permit for KRPH/YARNELL, AZ to DEPORTES Y MUSICA COMUNICACIONES LLC for $2.75 million earlier this year and wants to close on both deals at the same time.
Also filed with the FCC, RADIO BROADCAST COMMUNICATIONS, INC. is selling Top 40 WKHZ-A/OCEAN CITY, MD to EPCOT BROADCASTING, LLC for $45,000 ($40,000 in a seller note) plus a second note with MICHAEL GUREKIS for $10,000 at 10% interest for 36 months.
PRAISE TEMPLE WAY OF THE CHURCH OF CHRIST, INC. is selling construction permits for new FMs at ALAMOSA, CO and RATON, NM to RADIO BILINGUE, INC. for an aggregate $25,000.
SAVING CHILDREN, INC. is donating the construction permit for WHJH/KINCAID, IL to ILLINOIS BIBLE INSTITUTE, INC.
And COLINA ALTA MINISTRIES, INC. is giving the construction permit for a new FM at POINT REYES, CA to ONE MINISTRIES, INC. as a gift.