Sold: Florida, West Virginia CPs

Who's Buying What

SOVEREIGN CITY RADIO SERVICES, LLC is selling the construction permit for a new AM in LAKE CITY, FL to JOHN R. NEWMAN's NEWMAN MEDIA, INC. for $3,000.

In another deal filed with the FCC, THE LOVE STATION, INC. is selling the construction permit for a new FM in THOMAS, WV to MOUNTAIN LAKE INDEPENDENT BAPTIST CHURCH for $5,000.

CHARISMA IN MISSION, INC. is selling 2% of MAJOR MARKET STATIONS, INC. to EDI MEDIA, INC. for $100,000.  CHARISMA IN MISSION retains 48% of the stock, with JOHN BROWN UNIVERSITY retaining 30% and the MARILYNN KRAMAR TRUST holding 20%.  The company owns Brokered Ethnic KWRM-A/CORONA, CA and Regional Mexican KWRN-A/APPLE VALLEY, CA.

And in FM translator deals, RADIO ASSIST MINISTRY, INC. is selling W284BQ/WARREN, MI to RADIO POWER INC. for $40,000; RAM sister EDGEWATER BROADCASTING, INC. is selling W261AX/WEIRTON, WV and W230BI/LAPEER, MI to RADIO POWER for $40,000 and $50,000, respectively; and HORIZON CHRISTIAN FELLOWSHIP is selling W225AK/NEWTON, MS to KEN RAINEY SR. for $8,000.

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