$675K KTAO-FM Taos NM. 81.6% of Taos Communications Corporation from Bradley C. Hockmeyer to ASKK Media Inc. (Kate Black, Shannon Black, Katherine Speirs, Aidan Bain). Four promissory notes ($240K, $130K, $125K, $50K) and $130K in assumbed liabilities. Shareholders must take out $1.2M in life insurance with seller as beneficiary. Seller will also train buyers for a specified period, and will be available after that at the rate of $25/hour. Duopoly with KLNN-FM Questa NM, coming in a separate concurrent transaction. [FCC file date 6/7/10]
$375K KLNN-FM Questa NM. 100% of West Waves Inc. from David W. Rahn (40%), John Bradley (40%) and Stuart Morton (20%) to ASKK Media Inc. (Kate Black, Shannon Black, Katherine Speirs, Aidan Bain). $10K escrow, $345K cash at closing, liability assumption up to $20K. Duopoly with KTAO-FM Taos NM, coming in a separate concurrent transaction. [FCC file date 6/7/10]
