FM CP sales continue to account for trade volume


They sure don’t account for a whole lot of trading value, however. In recent FCC filings, contracts for the sale of CPs in noncommercial North Carolina and West Virginia have been made, with sticker prices more worthy of a decent used car lot than a broadcast CP.

The pricier of the two is a CP headed for Craigsville WV, going for $9.8K. Airwaves for Jesus Inc., headed by Art Ramos, is sending the facility to the West Virginia Educational Broadcasting Authority, nominally headed by Gov. Joe Manchin, but under the care and feeding of executive director Dennis Adkins. It’ll be a Class A on 89.5 MHz with 310 w @ 171’.

The other is licensed to Yadkin NC, and is going from Immanuel Broadcasting Network, headed by B. Edward Tuten Jr.. The buyer is Lola Richey’s Network of Glory, which will pay $5K. It’ll be a Class A on 90.3 MHz with 1 kW @ 95’.

RBR-TVBR note: If you read this article, chances are you have more than a casual interest in the buying and selling of media properties. Much of what goes into a deal goes into the contract, and knowing what kinds of things should go into the contract can help you make a better deal. RBR-TVBR has just the book for you: a guide to deal-craft that will pay for itself.

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