Alpert gathers Momentum in Tennessee


Cliff Jennings is selling the stock Cherokees Communications Corporation, which owns the stock of LaFollette Broadcasters Inc., which owns WQLA-FM La Follette TN, an FM station in a town some distance north of Knoxville in the eastern portion of the state. The buyer is Norm Alpert and his Momentum Broadcasting LLC. According to broker Bryan McFarland of Henson Media, the price will be 850K, with 500K paid at closing and 350K spread out over five years.