An Elon, N.C.-based broadcasting company led by Rebecca and Charles D. Marsh has come to life through the acquisition of its very first radio properties.
In two FCC filings made Monday (11/26), it became known that this nascent company is gaining a 250-watt FM translator in a small North Carolina city it’s paying a handsome price for. A big player in the Carolinas is involved.
It is also paying a somewhat lesser amount for an AM with a Construction Permit for a Class D facility feeding a second FM translator, a presently dark facility within eyeshot of a popular factory outlet center along Interstate 40.
In a $250,000 transaction, W236BO at 95.1 MHz in Burlington, N.C. is going to the Marsh family’s Almance Radio Group.
The seller is Eastern Airwaves LLC, led by Don Curtis.
The translator will be used to rebroadcast a station Almance is purchasing from Crescent Media Group — WSML-AM 1200 in Gresham, N.C. Along with WSML is unbuilt FM translator W232DT in Mebane, N.C., licensed for broadcast at 94.3 MHz.
WSML and W232DT are being sold for $147,500.
Crescent is also led by Curtis, and operated by Raleigh-Durham-based Curtis Media Group.
Now, WSML and the translators will see new ownership and perhaps a new format: It is presently one of three homes for the “Sports Hub Triad,” also heard on WCOG-AM in Greensboro and WMFR-AM in High Point.
With WSML and W232DT, a payment of $110,000 will be made at closing; $37,500 will be honored by a Promissory Note.
In other TRANSACTIONS TODAY:
- Geos Communications, which is active in the Twin Tiers of Pennsylvania and New York, and is led by Kevin Fitzgerald and Betty Curtin, is purchasing W300BT in Hazleton, Pa., in the Scranton-Wilkes Barre market. The seller is Osiris Guzman. Geos is paying $80,000 for the translator, with half paid at closing and the remainder payable in eight equal monthly payments. These payments concluded. As such, a Form 345 with the FCC has been filed for a deal consummated on Dec. 5, 2017.