KLOK/San Jose Sold For $6 Million

Sold

UNIVERSAL MEDIA ACCESS-KLOK-AM, LLC is selling South Asian KLOK-A (DESI 1170 AM)/SAN JOSE to TRON DINH DO's KLOK MEDIA, INC. for $6 million.

In other filings with the FCC, News-Talk KVNT-A (VALLEY NEWSTALK 1020)/EAGLE RIVER-ANCHORAGE, AK is changing hands, with the Estate of CHESTER COLEMAN, with RUTH POLLACK as Executrix, taking the station back from ALASKA INTEGRATED MEDIA due to an alleged default on a $400,000 promissory note and, via AMERICAN RADIO BROKERS, INC.,  immediately selling the station to CHRISTIAN BROADCASTING, INC. for $214,000 plus $7,000 for certain equipment.  AIM owed about $180,000 in remaining debt plus personal property taxes to the MATANUSKA-SUSITNA BOROUGH under the promissory note at the time of default.  The buyer has been programming KVNT under a Time Brokerage Agreement since APRIL 2015.

FAMILY LIFE BROADCASTING, INC. is selling new WILP/CUBA, IL to SPOON RIVER MEDIA, LLC for $30,000 plus a Time Brokerage Agreement before closing.

And GOSPEL ECHO, INC. has closed on the sale of K278BH/ASTORIA, OR to SALEM's INSPIRATION MEDIA, INC. for $33,000.  The buyer plans to move the translator to rebroadcast Religion KGNW-A/BURIEN-SEATTLE, WA.

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