Waco Entertainment Group sells Variety Hits “101.7 The Raider” KTJK Hawley/Abilene TX to WesTex Telco for $200,000. The buyer operates local cable television/internet and cell phone services in the region.
First State Bank of the Southeast has won a court order to sell Choice Radio Corporation’s four Kentucky stations in order to regain the funds the company defaulted on from a 2016 loan. FSB has agreed to sell the stations to Roy Jaynes Broadcasting for $100,000. Included in the sale are 950 WYWY/93.3 W227CD Barbourville, “Mix 96.1” WKKQ Barbourville, 1450 WWXL Manchester, and Country “K105.7” WTBK-FM Manchester and 104.5 W283AI Mount Vernon. The bank is also contesting Choice’ transfer of WTBK back to Manchester Communications for forgiveness of the $191,637.21 plus 12% interest owed on the promissory note that they defaulted on in 2017. Manchester filed to then sell sell WTBK to Karen Moses’ Strategic Impact Marketing Consulting for $138,541.71, but First State Bank states that their injunction should take precedence plus Moses holds 49% of the loan defaulted despite their claim that they misrepresented her stake on FCC ownership reports to show 51% holder Jonathan Smith as sole stakeholder.
University of Minnesota-Duluth sells AAA 103.3 KUMD-FM Duluth MN to Duluth-Superior Area Educational Television Corporation for $175,000. Excluded from the deal are the rights to the call letters and as part of the deal the buyer agrees to keep KUMD-FM as a non-comm for at least two years, won’t sell to a commercial operator for two years, and air two 10 second announcements for the university daily for one year air after closing.
Seehafer Broadcasting sells AC “Y105.5” WLJY Nekoosa and News/Talk 1320 WFHR/97.5 W248DE Wisconsin Rapids WI to Marcus Jaeger’s Heart of Wisconsin Media for $260,000. The deal will create a cluster with the buyer’s Classic Hits “Wisconsin 106” 106.1 WCWI Adams.
Goddard College Corporation donates Community 91.1 WGDR Plainfield and 91.7 WGDH Hardwick VT to Central Vermont Community Radio Corporation for no consideration.
Oralia Cowan will transfer her OMI Oilfield Investments Regional Mexican “El Patron 99.5” KBIJ Guymon OK to her son Mike Castanon for no consideration in a deal dated October 2017 but not filed with the FCC until this week.
Ultimate Caps Inc. sells Talk/Farm 1450 KBFS Belle Fourche SD/103.1 KYDT Pine Haven WY to Ogden Driskill’s Tri State Communications for $80,242.82.
Translator Sales
Edgewater Broadcasting sells three Georgia translators to Georgia Radio Alliance in exchange for a ten year engineering maintenance and tower lease agreement with Radio By Grace. The group will acquire 94.7 W234CQ Macon, 99.5 W258AP Macon and 95.5 W238CG Warner-Robins.
