98.5 Lynchburg

Station Sales Week Of 10/23

Station Sales Rob Meredith’s M&M Broadcasting acquires Southern Gospel “Praise 96.3” WJBZ-FM Seymour/Knoxville, TN from Seymour Communications for $900,000 cash and a $100,000 consulting fee to Doug Hutchins paid $1000 per month for 100 months. M&M owns Classic Country “96.7 Merle-FM” WMYL Halls Crossings/Knoxville. Santamaria Broadcasting acquires Regional Mexican “La Raza 1400” KMNV St. Paul and 1470 KMNQ Brooklyn Park, MN from Davidson Media for $1.2 Million minus the prorated amounts already paid from their Time Brokerage Agreement. Lighthouse Radio Group sells Smooth Jazz “105.9 The Wave” KYSJ Coos Bay, OR to John Hunt’s Hunt Broadcasting for $135,000. A November 2014 sale to Post Rock Communications never closed. J...[Read More]