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Transactions | |
$28M WKIE-FM, WKIF-FM & WDEK-FM Chicago (Arlington Heights, Kankakee, DeKalb IL) from WKIE/WKIF/WDEK Licensing Inc., subsidiaries of Spanish Broadcasting System Inc. (Raul Alarcon Jr.) to WKIE Inc., a subsidiary of Newsweb Corp. (Fred Eychaner). $1.4M escrow, balance in cash at closing. Superduopoly with WAIT-AM, WCFJ-AM, WCSN-AM, WSBC-AM, WNDZ-AM & WRZA-FM. [File date 7/29/04.] $3M KQST-FM Flagstaff AZ (Sedona AZ) from Rocket Radio Corporation (John Low) to Yavapai Broadcasting Corporation (W. Grant Hafley). $1.5M escrow, balance in cash at closing. Superduopoly with KKLD-FM, KVRD-FM, KYBC-AM, KZGL-FM & KVNA-AM. Buyer will terminating LMA with KVNA-FM to make room for under local ownership caps for KQST-FM. [File date 7/29/04.] |
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