It bills itself as a Chicago-based multimedia company that offers extensive radio programming offerings including mix show syndication, production and imaging.
Now, the entity majority-controlled by Robert Jamrog is poised to become the licensee of a FM translator licensed to serve Monterey-Salinas, Calif.
The seller? One of the biggest acquirers of radio stations in the last decade.
An asset purchase agreement submitted for FCC approval on December 23 offers details into how Fusion Radio LLC seeks to purchase K275CU at 102.9 MHz in Monterey from Educational Media Foundation.
The sale of the unbuilt FM translator is somewhat notable, only because EMF has been known as a buyer, not a seller. K275CU is presently licensed to rebroadcast Class B KLVM-FM 88.9. The stations, while licensed to Santa Cruz, uses a tower site to the southeast of Monterey, too. Meanwhile, Air1 Network sibling KARW-FM 97.9 uses a Class B1 FM signal in an adjacent area of the market.
As such, the FM translator isn’t really needed for EMF’s two main networks, and it stands to earn $75,000 from the CP’s sale.
A $5,000 deposit is being held with Kozacko Media Services, representing the buyer.
What does the future hold for the translator? Smooth Jazz seems to be the answer. Terms of the contract call for Fusion Radio to enter into a HD multicast sublease on KARW for base rent of $1850 per month.
Meanwhile, Jamrog will need to find a new tower location for the FM translator. And, he will reimburse EMF up to $5,500 for any costs associated with the move.
While Jamrog holds 51% interest in Fusion Radio, the remaining 49% is held by the Patricia Anderson-Kimble Revocable Trust. His Jamtraxx Media has relationships with United Stations Radio Networks in the United States and Orbyt Media in Canada.
