Price For Townsquare-Rich Idaho Deal: $1.85 Million
January 28, 2011 at 4:29 AM (PT)
The price for the sale of Country KID-F (96.1 THE BULL), AC KLLP (STAR 98.5), Talk KID-A-KEGE, Rock KPKY (94.9 THE ROCK), and Talk KWIK-A/POCATELLO-IDAHO FALLS, ID and FM translator K221CE/LAVA HOT SPRINGS, ID by TOWNSQUARE MEDIA to RICHARD MECHAM's RICH BROADCASTING, LLC is $1.85 million, according to the contract filed with the FCC. The price was not disclosed when the deal was announced earlier this week.
In other FCC filings, 1 A CHORD, INC. is selling the construction permits for new noncommercial FMs KTUT/FRANKFORT, SD and KZXZ/WYOLA, MT to UNION VALLEY BAPTIST CHURCH INC. for $20,000, and is also selling the CP for noncommercial KDBQ/RATTAN, OK to the same buyer for $10,000.
SARDIS UNITED METHODIST CHURCH is selling the construction permit for a new FM in MONTREAT, NC to NETWORK OF GLORY, INC. for $5,323.09.
HI-LINE RADIO FELLOWSHIP, INC. is selling FM translator K247BI/SEELEY LAKE, MT to THE MONTANA RADIO COMPANY, LLC for $1.
And CUMULUS LICENSING LLC is donating FM translator W221CG/KENNESAW, GA to IMMANUEL BROADCASTING NETWORK. CUMULUS acquired the translator from RADIO ASSIST NETWORK last year.