A Sale, A Silent Station, A Closing
September 14, 2011 at 8:13 AM (PT)
JOHN MARRA, JR. has sold 50% of CAUSE PLUS MARKETING LLC, licensee of Religion WWOW-A/CONNEAULT, OH, to WILLIAM T. SHANNON for a capital contribution of $2,500 plus 96 equal payments of $338.55. MARRA will receive the first $125,000 if the station is sold, and any proceeds over that amount will be split 50-50 between MARRA and SHANNON.
FAMILY LIFE MINISTRIES, INC. has applied to the FCC for a Silent STA for FM translator W225AR/WEBSTER, NY due to loss of the station's tower lease.
And BOTT COMMUNICATIONS has closed on the purchase of Religion WFCV (formerly WNUY)/BLUFFTON-FORT WAYNE, IN from INDEPENDENCE MEDIA's IM IN LICENSES, LLC for $275,000. STEPHAN SLOAN, BOB HEYMANN, and BILL LYTLE of MEDIA SERVICES GROUP were the exclusive brokers for the transaction.