The deal also includes a provision that provides a home for the station on the FM dial.
The seller is Dan Bohanan.
The buyer is B & M Broadcasting LLC, equally owned by Ashley Moseley and Harry Brown. Moseley is the managing member.
The price is a modest $60,000 cash.
There is no broker on the deal, but Jorgenson Broadcast Brokerage has been engaged as escrow agent.
WLSG-AM, licensed to Wilmington, is a Class C on 1340 kHz with 1 kW-U, ND. Its signal is well-tailored to the yellow part of the Wilmington area map, with additional coverage to the west – and any dolphins or pelicans that happen to be traveling along the Wilmington coastline and happen to have a radio receiver should also get a good signal.
B & M is also acquiring Bohanan’s agreement with Edgewater Broadcasting granting the use of FM translator 94.1 W231CL. Also licensed to Wilmington, its best coverage area is over the western part of the city.
B & M also owns WSME-AM Camp Lejeune NC and W246CJ Jacksonville NC. Both are in the Greenville-New Bern-Jacksonville market, to the north of Wilmington. Hence, this constitutes a territorial expansion for the buyer.