WBOB AM, 1320 kHz, 50kw day, 5kw night, licensed to Jacksonville, FL; and W279AG (FM translator) 103.7 MHz licensed to Atlantic Beach, FL have been sold for $1,490,000. The seller for WBOB-AM was Chesapeake-Portsmouth Broadcasting Corp. (Nancy Epperson, President); for W279AG The River Educational Media, Inc. (Nancy Epperson, President).
The buyer is New Covenant Media, LLC (Dr. Wiley Tomlinson, Senior Pastor) of Jacksonville, FL.
Jorgenson Broadcast Brokerage’s Mark Jorgenson was the exclusive broker in the deal.
Chesapeake-Portsmouth Broadcasting Corp. also owns:
WKHT-AM, WPMH-AM, WTJZ-AM (Norfolk, VA market)
WPMH-AM (Richmond, VA market)
It is also purchasing from Disney WHKT-AM, WRJR-AM (Norfolk market)
The River Educational Media also owns:
WAYL-FM, WCRJ-FM (Jacksonville, FL market)
Purchasing WJBC-FM (Jacksonville, FL market)