Chuck Marsh’s Blue Ridge Media Partners has sold its three stations in Wytheville VA back to the James Browne led Three Rivers Media Partners for $25,000 and the forgiveness of debt.
The deal settles a legal dispute between the companies over the September 2023 acquisition of the stations by Blue Ridge Media Partners for $495,000. Three Rivers filed a legal complaint last August after Marsh fell behind on multiple payments for the $435,000 promissory note on the stations.
Included in the deal are Classic Hits “Kool 95.3” WXBX Rural Retreat, Oldies 660 WLOY/99.3 W227DS Rural Retreat, and Country 1280 WYVE/99.9 W260DI Wytheville VA along with the WLOY/WXBX and WYVE transmitter sites.
A Time Brokerage Agreement took effect when the settlement was reached on May 14.
