Now, it’s selling an AM in this market to a conservative talk show host who has, among other things, filled in for Glenn Beck.
In a deal valued at $375,000, Apex Broadcasting Corp. has agreed to sell a construction permit for translator W261DG, at 100.1 MHz, and WSPO-AM “Heaven 1390” in Charleston, S.C. to Chatter Media Inc.
A $25,000 deposit has been made by Chatter Media to Apex, with John C. Trent of Putbrese Hunsacker & Trent P.C. serving as escrow agent.
A separate tower space lease agreement has been forged, allowing Chatter Media to keep WSPO’s transmitter at its current location for monthly rent of $2,500, for a 10-year period with a 3% rent increase at the end of each year. The lease term may be extended for a second 10-year period.
Fort Lauderdale-based Chatter Media is led by John Cardillo, a conservative Talk host who has filled in for the syndicated Glenn Beck and is a former New York Police Department patrolman. He presently holds the morning shift at Salem Media Group’s Business Talk WZAB-AM 880 in Miami. Cardillo has also been a contributor to Dr. Drew, and NRA News. He has frequently appeared on CNN, Newsmax, and Fox Business Network.
WSPO and W261DG mark Cardillo’s first radio stations. He could not be reached for comment by RBR + TVBR prior to deadline.
However, it is expected that WSPO and its translator will switch from African-American targeted gospel programming to a Talk format following the stations’ close to Chatter Media.
WSPO is a 5kw nighttime-directional facility with 1 tower during daylight hours and 3 towers at night.
In other TRANSACTIONS TODAY for Tuesday, Jan. 10:
- Northeast of Amarillo, Tex., Class A Religious noncomm KHHC-FM 91.3 in Canadian, Tex., has been sold by Solid Rock Foundation to The River Ministries for $20,000. A 50% deposit has been made by The River. With the transaction, Solid Rock now has one radio station in its stable: Class A KBDW-FM 91.7 in Lefors, Tex., which is between Canadian and Amarillo.