Jonesboro AR is not expected to be a hotbed of incentive auction action, which likely means that the prospects for a standard LPTV located there for survival are pretty good. A station buyer appears to think so. Broker: Minority Media and Telecommunications Counsel (seller)
The station is KJNE-LP.
The seller is New Moon Communications LLC, headed by President Darnell Washington.
The buyer is Jonesboro TV LLC, headed by President Michael Reed.
The price is $60,000 cash.
The station operates on Channel 42.
Greenhill 1 estimates placed both the maximum and media value of a relinquished full power television station at $12M. There was estimate for Class A stations. As a low power, KJNE is not qualified to participate.