Cumulus Unit AR Broadcasting's Four Stations File For Transfer To Oxford Radio, LLC
December 1, 2011 at 4:31 AM (PT)
As part of the previously-reported prepackaged bankruptcy filing for four CUMULUS stations, AR BROADCASTING HOLDINGS has applied to move Top 40 KCHZ (95.7 THE VIBE)/OTTAWA, KS-KANSAS CITY, Urban AC KMJK (MAGIC 107.3)/NORTH KANSAS CITY, MO-KANSAS CITY, Sports KFNC (ESPN 97.5 THE TICKET)/BEAUMONT-HOUSTON, and Triple A KHJK (103.7 FM)/LA PORTE-HOUSTON from debtor-in-possession status to OXFORD RADIO, LLC, headed by broker and operator LARRY PATRICK, in exchange for extinguishment of debt. OXFORD RADIO will hold 76% of the post-bankruptcy AR BROADCASTING HOLDINGS. AR BROADCASTING HOLDINGS, INC., AR BROADCASTING, LLC, and AR LICENSING, LLC are the entities under CUMULUS ownership that filed for Chapter 11 in a prepackaged bankruptcy.
In other filings with the FCC, EDUCATIONAL MEDIA FOUNDATION has applied for a silent STA for FM translator W263AS/VASSALBORO, ME pending a move of the station.
CARLOS ARANA MINISTRIES has filed for a Silent STA for FM translator K211ET/ASTORIA, OR due to its programming source, sister noncommercial Spanish Religion KGIO, going dark.
EDGEWATER BROADCASTING, INC. has closed on the sale of FM translator W238AU/AUGUSTA, GA to BEASLEY BROADCASTING's WCHZ LICENSE, LLC for $52,500.
HALEYVILLE BROADCASTING COMPANY INC. has closed on the sale of Southern Gospel WJBB-A and Country WJBB-F (B-93)/HALEYVILLE, AL to AMS RADIO LLC for $90,000.
EXODUS BROADCASTING, LLC has closed on the sale of Country KIQN and Oldies KWRP-A/PUEBLO, CO to UNITED STATES CP, LLC for assumption of debt held by METROPOLITAN RADIO GROUP and 10% of profits after the buyer has had its capital plus 8% returned to it.
And CARLIN TV DISTRICT has closed on the sale of FM translators K288AU and K240AI/CARLIN, NV to PAUL G. GARDNER for $500 per translator plus $25,002.50 of in-kind advertising credit on the buyer's AC KELK-A and Adult Hits KLKO (93.7 JACK FM).