$12.2M WCAL-FM Minneapolis-St. Paul (Northfield MN) and KMSE-FM Rochester MN from Saint Olaf College (Alan Norton, VP/treas) to Minnesota Public Radio (William H. Kling, pres). $500K escrow, $10M cash at closing, estimated $1.7M in extra value from promotional/underwriting time for seller, savings in severance pay by retaining station employees where possible. Superduopolies in both markets. [File date 8/31/04.]
$50K WGRP-AM Youngstown-Warren OH (Greenville PA) from Beacon Broadcasting Inc. (William M. Henry) to WGRP Radio Inc. (Joseph M. Vilkie, Eugene J. Vilkie). $1KK escrow, $27K cash at closing, $22K note. Combo with WMVL-FM Linesville PA. [File date 8/31/04.]