Blayde cuts a deal on Kenai Peninsula

Cherie and Scott Curry and their Blayde Communications have cut a deal to acquire a five-station group in the Kenai-Soldotna area just southwest of Anchorage in Alaska. The group includes KSRM-AM, KSLD-AM & KKIS-FM, all licensed to Soldotna, Kenai's KWHQ-FM and KFSE-FM in Kasilof. Seller John C. Davis (KSRM Inc.) will receive 2.2M when the smoke clears under a fairly complex compensation clause in the contract. It calls for 20K put into escrow, a 420K promissory note, a 300K carry back note, repayment of three debts totaling 715K, assumption of another 197K in ongoing debt, with the remainder, about 548K, payable in cash at closing.

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