Garcia Homesteads with FL AM


Mario Garcia is planning to spend 660K to get a foothold in the Miami-Ft. Lauderdale market. His Garcia Communications has filed to acquire WOIR-AM from Amenecer Christian Network Inc. Amenecer is headed by Frank Lopez. Garcia will plunk down 35K into an escrow account, plunk down an additional 65K once the FCC lists the transaction on a public notice, will kick in another 84K within nine months of approval, and then will pay the remaining 476K with five equal annual payments. WOIR is licensed to the community of Homestead, south of Miami.