Station Sales Week Of 12/23
David Magnum is selling 92.3 W222AU Beloit WI to Scott Thompson’s Big Radio for $50,000 in order to settle petitions To deny and a lawsuit. The suits stemmed from an agreement entered between Big Radio and Sister Grace Inc. to acquire the CP for 95.7 W239CD Beloit prior to Sister Grace (which Magnum holds 49% interest in) filing to sell the translator CP to Magnum for $3000. As part of the settlement the petitions and lawsuits will be dropped and Thompson will not block Magnum’s CP to move 95.9 WBKY Portage WI to Stoughton where it will rimshot the Madison market. Following the sale, W222AU will rebroadcast News/Talk “The Big 1380” WBEL South Beloit IL.
Edgewater Broadcasting is selling four translators to Elohim Group Corporation for $80,000. Elohim will acquire 92.3 K222BM Moapa NV (to rebroadcast 91.7 KZYU-FM Wellton AZ), 94.5 K233CX Nogales AZ (to rebroadcast 91.7 KZYU-FM Wellton AZ), 99.1 K256BJ Borger TX (to rebroadcast 106.5 KXZX-LP Juliard TX), and 105.5 K288FK Clovis NM (to rebroadcast 90.5 KZTU-FM Tucumcari NM).
The previously announced deal to sell Pataphysical Broadcasting’s 88.9 KUSP Santa Cruz CA and four translators to Educational Media Foundation has been filed with the FCC. EMF will acquire KUSP, 89.1 K206BQ Hollister, 89.3 K207CN Santa Cruz, 91.3 K217EK Palo California Canyon, and 95.3 K237EV Big Sur Valley for $605,000.
Ozark Mountain Broadcasting sells Classic Rock “Coffeehouse 106.9” KXIO Clarksville AR to East Arkansas Broadcasters for $200,000. EAB has begun operating the station under a Time Brokerage Agreement.
St. Paul Cultural Broadcasting sells the CP for 89.5 Willcox AZ to Cedar Cove Broadcasting for $30,000.