Another Salt Lake City station sold out of trust


SoldA lot of stations may be running with high overhead, in terms of their operational budget. But for KJQN-FM Coalville UT, the phrase also applies to its primary broadcast signal.

The station is one of the group on the Humpy Peak antenna farm, which sends a signal over the valley in which Salt Lake City resides; the signal heard by earth-bound residents is made possible by a system of translators.

It is being sold by the SLC Divestiture Trust, under the TLC of trustee W. Lawrence Patrick.
It will be joining an Ogden UT AM-FM combo owned and operated by KLO Broadcasting Company, headed by John and Richard Webb.

The price of the station will be $1.5M, some of which will be going directly to Patrick. The contract calls for two $75K deposits, $850K cash at closing and a $500K note. Of that amount, $250K is allocated to a two-year consulting agreement with Patrick, and $100K secures Patrick’s pledge not to complete with the buyer for a period of five years.

* KJQN is a Jack outlet, a Class C on 103.1 MHz with 89 kW @ 2,123’.

It will be joining:

* KLO-AM, a Class B on 1430 kHz with 25 kW-D, 5 kW-N, DA2. It uses the phrase World Class Talk to describe its talk lineup of mostly conservative air personalities.

* KBZN-FM is a Class C on 97.9 MHz with 26 kW @ 3,770’. It plays AC as Now 97.9.

SLC Divestiture Trust recently sold KZNS AM-FM to KJZZ-TV owner Larry H. Miller Communications for $2.918M. The FM is another resident of Humpy Peak.