Clear Channel just filed to give away four AM stations to a noncommercial entity. In this deal, a noncom figures once again, but this time, the station recipient will be paying for a Clear Channel AM spin-off. The station is WNNZ-AM, serving Westfield MA from its city of license of Westfield MA.
The buyer is the WFCR Fountation Inc., headed by Marc Berman. The Foundation is associated with the University of Massachusetts.
The price is $525K, which will be paid in cash with $52.5K being plunked down into an escrow account. According to the contract, the parties will enter into an LMA prior to closing. They will also apply to relicense the station for noncommercial operation.
In its other recent dealings with the non-profit world, Clear Channel donated four AMs in four different locations to the Media Minority and Telecommunications Council for use in training female and minority citizens for careers in the broadcasting field.
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