$33.5M KSMO-TV Kansas City MO from KSMO Licensee Inc., a subsidiary of Sinclair Broadcast Group (David Smith) to Meredith Corporation (William T. Kerr et al). $35.8M cash at first closing, $3.35M option payment, $3.35M cash at final closing. Duopoly with KCTV-TV. KSMO is WB affiliate on Channel 62; KCTV is CBS affiliate on Channel 5. Companies entered into JSA/option under which buyer acquired all of the non-license assets of the station, and are now trying to exercise the option under a failed station waiver. [File date 1/13/05.]
$1.625M KRFM-FM/KSNX-FM/KVWM-AM/KVSL-AM Show Low AZ from FFD Holdings I Inc. (Barbara Gaulien et al) to Petracom of Hobrook LLC (Henry Ash). $81,250 escrow, balance in cash at closing. Superduopoly with KDJI-AM/KZUA-FM Holbrook AZ. LMA until closing. [File date 1/13/05.]
$650K KWPT-FM Eureka-Arcata CA (Fortuna CA) from S.T.E.G. Broadcasting LLC (David L. Gersh, Melvin Klein, Steven Rose) to KWPT Inc., a subsidiary of Lost Coast Communications Inc. (Patrick Cleary). $250K cash at closing, $400K note. Superduopoly with KHUA-FM/KLVG-FM Garberville CA. Market receives radio ratings from Eastlan and television ratings from Nielsen. LMA 1/1/05. [File date 1/13/05.]
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