A flurry of translator transactions were filed by 5:59 p.m. Eastern on Oct. 31, and over the next few days the asset purchase agreements were made public by the FCC.
Among the deals seen on the final day an AM station could relocate an FM translator by up to 250 miles, as part of the FCC’s AM revitalization efforts, is one that sees an AM in Oklahoma get an accompaniment by moving a facility from rural Northwest Texas.
In a deal valued at $16,000, Rogco Family I LLC is selling K257FC, located in Hartley, Texas, to Wright Broadcasting Systems.
Wright is the owner of KWEY-AM 1590 “The Score” in Weatherford, Okla., a Class D directional facility with two towers that broadcasts with 1kw day and just 32 watts at night. It is also available on the HD2 channel of sister KWEY-FM 95.5.
A 10% deposit has been made by Wright to the seller.
In other translator transactions:
- For $35,000, Community Translator Network LLC Debtor In Possession has agreed to sell K282BL in Kanosh, Utah to CCR-St. George IV LLC. The translator will be used as an FM accompaniment to KSUB-AM 590 in Cedar City, Utah, near the retirement and recreational community of St. George, Utah.
- E-String Wireless is selling translator K287BO in Dodge City, Kansas to Perry Broadcasting of Southwest Oklahoma, for $25,000. The facility is set for use as an FM accompaniment to class D KXCA-AM 1050 “The Ticket” in Lawton, Okla. The buyer has engaged in a $10,000 promissory note, payable with 1% interest at a rate of $833 per month. The first payment is due Dec. 15, 2016.