Nebraska Combo Sold
November 3, 2010 at 5:08 AM (PT)
SANDHILLS ADVERTISING CORP. is selling Oldies KNLV-A (MEMORIES 1060) and Country KNLV-F (V103.9)/ORD, NE to MARK G. JENSEN's MWB BROADCASTING II, LLC for $550,000 ($200,000 cash, $350,000 in a promissory note).
CALVARY CHAPEL OF HOPE is selling the construction permit for noncommercial WOBH/LINDENHURST, NY to HOPE CHRISTIAN CHURCH OF MARLTON, INC. for $1.
MONICA MARTINELLI has purchased an additional 5% of Y BRIDGE BROADCASTING, INC., licensee of Classic Hits WYBZ (Y107.3)/CROOKSVILLE-ZANESVILLE, OH, from her partners, RICK N. SABINE and WALTER DAVID WINNER, as part of a deal by which MARTINELLI will buy 2.5 shares from each of her partners at $4,600/share every year for a 10-year period until she has bought out the partners' entire interest. After the 2010 transaction, MARTINELLI will own 55% of the company, with SABINE and WINNER holding 22.5% each.
And KORC RADIO, INC. has asked the FCC for a Silent STA for KORC/WALDPORT, OR, citing financial reasons for taking the station dark.