Lender Group Takes Control Of Seattle, Cincinnati Trio
March 7, 2011 at 4:02 AM (PT)
FIRST BROADCASTING CAPITAL PARTNERS, LLC's Oldies KMCQ/COVINGTON, WA and CINCINNATI-area Adult Hits WAOL (MAX FM)/RIPLEY, OH, and Spanish Variety WOXY (LA MEGA 97.7, LMAd to TSJ MEDIA)/MASON, OH are being assigned to QUEEN CITIES BROADCASTING LLC, the successful bidder for the stations' assets at a foreclosure auction on FEBRUARY 23rd (NET NEWS 2/24). The bid was conditioned on a Transition Agreement to transfer the licenses as well, and includes a management agreement for the assignee before closing. QUEEN CITIES is a "Trust Controlled Entity" backed by lender CAPITALSOURCE INC.
In other filings with the FCC, C & L BROADCASTING CORP. is selling Oldies WQMV-A/WAVERLY, TN to DEAN and CONNIE DUKE's DCDL MEDIA, INC. for $195,100.
EDDIE FLOYD is selling FM translator K273AF/CARSON CITY, NV to THE EVANS BROADCAST COMPANY, INC. for $20,000, with the proceeds going to pay FLOYD's creditors in bankruptcy.
Control of low-power FM WVBH-LP/BENTON HARBOR, MI is being transferred from FLATS ECONOMIC DEVELOPMENT CORP. to CHARLES D. KELLY URBAN FOUNDATION.
M&M BROADCASTERS, LTD. is requesting a Silent STA for KLRK/MEXIA, TX, as is CSSI NON-PROFIT EDUCATIONAL BROADCASTING CORPORATION for K249DN/GRAHAM, TX.
And requesting an extension of Silent STAs was NEWBERRY BROADCASTING, INC. (WWKN/MORGANTOWN, KY).