Cumulus flips Portland FM to EMF

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$6.8M KXPC-FM Portland OR (Aloha OR) from Cumulus Broadcasting LLC (Lewis Dickey) to Educational Media Foundation (Mike Novak). $340K escrow, $5.46M cash at closing, two notes totaling $1M. LMA until closing. Station was KNRQ-FM. Cumulus gets option to acquire EMF’s K240CZ Tigard OR. [FCC file date 8/6/13]