Forever upgrades Jackson TN cluster

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SoldThere will be no change in the number of stations owned by Forever South in the small Tennessee market, but it will have better coverage once a cash/swap transaction is completed.
Forever, headed by Kerby E. Confer, Donald J. Alt and Christine Hillard, is getting WTGP-FM Trenton TN. And its giving up WTJW-FM Humboldt TN and a pile of cash to get it.


According to the contract, Ed Henson Media Broker will hold a $50K deposit that will apply to a $525K cash payment to Forever’s trading partner, Grace Broadcasting Inc., headed  by Lacy and Charles Ennis.

WTGP-FM is valued at $1.1M, and WTJW-FM is valued at $575K, so the cash payment will make up the difference.

Here is what Forever will have once the deal closes:
* WTGP-FM Trenton TN, a Class C2 on 97.7 MHz with 50 kW @ 404’
* WOGY-FM Jackson TN, a Class C1 on 104.1 MHz with 100 kW @ 682’
* WTJS-AM Jackson TN, a Class B on 1390 kHz with 5 kW-D, 1 kW-N, DAN
* WYNU-FM Milan TN, a Class C0 on 92.3 MHz with 100 kW @ 991’
* WTJJ-FM Dyer TN, a Class A on 94.3 MHz with 6 kW @ 328’. This station serves the area to the northwest of Jackson and fails to put a city grade signal over the community.

Grace Broadcasting Services will have three stations in the area once the deal closes.
* WJTW-FM Humboldt TN, a Class A on 105.3 MHz with 4.7 kW @ 312’, reaching most of the city of Jackson.
* WWGM-FM Alamo TN, a Class C3 on 93.1 MHz with 14 kW @ 443’, providing coverage of Jackson proper
* WTNE-AM Trenton TN, a Class D on 1500 kHz with 250 W-D, 6 W-N and no hope of putting a good signal into Jackson from its base to the north.