Transactions: 7-14-10

0

$2.25M KTLO AM-FM Mountain Home AR and KCTT-FM Yellville AR. 100% of KTLO LLC/Mountain Lakes Broadcasting Corporation from Charles S. Earls Revocable Trust (20% to 0%), Scottie S. Earls Revocable Trust (20% to 0%), Charles S. Earls (20% to 0%), Bobby Dean Knight/Vivian Sue Knight (20% to 0%) and Danny Ward (20% to 0%) to The Ward Family Trust, Danny Ward (0% to 50%), Bobby Dean Knight Revocable Trust (0% to 25%) and Vivian Sue Knight Revocable Trust (0% to 25%). $1.215M cash at closing, $514K credit in exchange for 31.65% stake in KOMC/KRZK LLC (licensee of KOMC-FM Kimberling City MO and KRZK-FM Branson MO) for sellers, $521K note. Existing duopoly. [FCC file date 7/8/10]


$570K WTAY-AM/WTYE-FM Robinson IL from Ann Broadcasting Corporation (Jeffrey F. Tye) to The Original Company Inc. (Mark R. Lange, Saundra K. Lange). $10K down payment, $400K cash at closing, note for balance. LMA until closing. Duopoly with WQTY-FM Linton IN. [FCC file date 7/7/10]