Forever upgrades Jackson TN cluster


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.