The $1.4M deal sending WUIL-FM to D.W.S. Inc. is now officially in the books. The deal brings the station into a cluster that includes an existing AM-FM combo and also brings it into cross-ownership with a local newspaper.
Gene Ferry brokered the deal, bringing the Arcola IL-licensed WUIL together with WDWS-AM and WHMS-FM. The newspaper in the media group is The News-Gazette.
The seller is Champaign Partners LLC, headed by John Maguire. The terms involved cold, hard cash at closing.
Arcola is some distance south of Champaign, but with a transmitter location north of that town, its 60 dBu signal reaches all but the northernmost portions of Champaign’s most populated areas.
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.
