In an era when an increasing number of commercial-band radio stations are going the non-profit route, at least one — WUCO-AM in Marysville OH – is going back the other way.
St. Gabriel Radio Inc. is the non-commercial outfit selling the station. It’s headed by Marc C. Hawk.
The buyer is ICS Communications Inc., headed by Mark Litton. It will pay $225K for the station, making a $5K deposit, adding $20K cash for a $25K closing day payment and then striking a promissory note for the remaining $200K.
Marysville is northwest of state capital Columbus. ICS has two stations that are generally in the same area, east of Marysville and north of Columbus, including WDLR-AM Delaware OH and WVXG-FM Mount Gilead OH.
RBR/TVBR note: Now available “Profitably Buying and Selling Radio Stations,” – RBR/TVBR’s ‘2010’ new book and guide to help chart a course through the treacherous waters of buying, owning and selling radio or television stations. A comprehensive resource which includes template agreements and advice to assist sellers, potential buyers, lenders and investors. Coauthored by Erwin Krasnow, John King and John Pelkey of Garvey Schubert Barer. Buy it now in paperback or ebook exclusively on line.
Click to purchase: “Profitably Buying and Selling Radio Stations,”
or 1-800-288-4677, ext. 5022 for $49.95, paperback, $39.95, e-book.