WLNK (107.9 The Link), WBT/Charlotte Put In Spinoff Trust From Beasley-Greater Media Deal

Spin

As part of the acquisition of GREATER MEDIA by BEASLEY, HOT AC WLNK (107.9 THE LINK) and News-Talk WBT-A/CHARLOTTE and WBT's suburban simulcast partner WBT-F/CHESTER, SC have been placed in a spinoff trust, THE CHARLOTTE DIVESTITURE TRUST, with JOHN C. DONLEVIE as trustee.  The stations are being spun off to satisfy FCC ownership limits in the CHARLOTTE market.

In other filings with the FCC, EDUCATIONAL MEDIA FOUNDATION is selling K293CG/GILBERT, IA to MIDWEST COMMUNICATIONS, INC. for $40,000.  The buyer plans to move the translator to rebroadcast News-Talk KELO-A/SIOUX FALLS, SD.

RSK COMMUNICATIONS INC. is selling W277CN/CANANDAIGUA, NY to FAYETTE BROADCASTING CORP. for $65,000.  The buyer plans to move the translator to rebroadcast  Adult Standards-Full Service WMBS-A/UNIONTOWN, PA.

MAGIC BROADCASTING II, LLC has requested a Silent STA for WYYX/BONIFAY, FL due to lightning damage.

SOUTHWEST ARKANSAS MEDIA, LLC has filed for a Silent STA for KZYP-A/MALVERN, AR due to lightning damage.

FAMILY STATIONS, INC. has applied for a Silent STA for K214CA/GRAND JUNCTION, CO due to receiver failure.

ST. SIMONS RADIO, INC. has requested a Silent STA for low-power FM WWEZ-LP/ST. SIMONS ISLAND, GA due to financial difficulties.

WENDELL BORRINK's WCVC, INC. has closed on the sale of WCVC-A/TALLAHASSEE, FL to DIVINE WORD COMMUNICATIONS for $10,000. The buyer has been programming the station under a time brokerage agreement, airing Catholic programming.

FARM & HOME BROADCASTING CO. has closed on the sale of Adult Standards WNBT-A, Top 40 WNBT-F (THE BUZZ), and W225AT/WELLSBORO, PA and Top 40 WNBQ (THE BUZZ)/MANSFIELD, PA to KRISTIN CANTRELL's SOUTHERN BELLE, LLC (licenses and call letters) and SEVEN MOUNTAINS MEDIA, LLC (other assets) for $400,000.

BRUCE MACAFEE has closed on the sale of K269AV/TONOPAH, NV and K261AY/BRIDGEPORT, CA to KATIE DAVIS for $40,000.

ARKANSAS COUNTY BROADCASTERS, INC. has closed on the sale of  K254CG (now W285FL)/STUTTGART, AR to PALMER JOHNSON for $35,000.

And VIRDEN BROADCASTING CORP. has closed on the sale of W298BK/GENESEO, IL (now W277DB/DECATUR, IL) to NEUHOFF MEDIA DECATUR, LLC for $38,000.  The buyer is moving the translator to rebroadcast News-Talk WSOY-A/DECATUR, IL.

Also, the FCC has once again denied the sale by the estate of LYNDA WARE, through executor CYNTHIA RAMAGE, of LINDSAY BROADCASTING's five CENTRAL CALIFORNIA stations in a "distress sale" to JESSE PORTILLO's BIG RADIO PRO INC. for $2.7 million. dismissing a Petition for Reconsideration.  The case arises from applications filed in MARCH and APRIL 2015 in which RAMAGE applied to sell Adult Standards KZPO/LINDSAY, CA to BIG RADIO PRO INC., while the latter also filed under the same contract of sale to acquire the construction permit for KNGS/COALINGA, CA from WILLIAM L. ZAWILA, the construction permit for KAAX/AVENAL, CA from AVENAL EDUCATIONAL SERVICES, INC., the construction permit for KYAF/FIREBAUGH, CA from CENTRAL VALLEY EDUCATIONAL SERVICES, INC., and the construction permit for KZPE/FORD CITY, CA from H.L. CHARLES.  In the latest round, like the last, the sellers claimed that the now-defunct "distress sale" should be applied to their case despite it no longer being the Commission's policy.

« see more Net News