Keating Willcox’s Willow Farm Inc. is selling its Beverly MA station, WNSH-AM, to Costa-Eagle Ventures LP, adding firepower to a group of AM stations that brings programming to local citizens in two languages.
The deal is valued at $400K, with $50K of that going into an escrow account and the remainder due at closing. The buyer, headed by Patrick J. Costa, will get to take a deduction based on applicable expenses tied to a time brokerage agreement between the parties.
According to the BIA market report attached to the contract’s local ownership showing, WNSH carries news-talk programming on 1570 kHz. It will join a cluster that includes 1110 WNNW-AM, another news-talk outlet; 1490 WCEC-AM Haverhill MA, bringing news-talk programming to the market in Spanish; and 800 WCCM-AM Salem NH, which uses a Spanish Tropical format.