Entertainment Media Trust, headed by Dennis Watkins, is now at the controls of WFFX-AM, serving the St. Louis market from across the Mississippi in East St. Louis IL. The seller was Simmons Media Group. According to Patrick and Greg Guy of Patrick Communications, the price was $450K cash. Patrick represented the seller. John Pierce of John Pierce & Company worked for the buyer, who will have four AMs in the market once all pending transactions are brought to a conclusion.
RBR-TVBR note: Now available RBR-TVBR’s ‘2010’ new guide to help chart a course through the treacherous waters of buying, owning and selling radio or television stations.
Click to purchase: “Profitably Buying and Selling Radio Stations,” or 1-800-288-4677, ext. 5022 for $49.95, paperback, $39.95, e-book.