The keys and the deeds have been transferred and the seller is counting the cash as the deal for KSLG-AM St. Louis MO crossed the finish line. For buyer Grand Slam Sports LLC, it will be the second AM signal in the market.
The station was sold by Simmons Media Group. According to brokerage Patrick Communications, the price was $350K cash. Patrick also noted that as one might expect with a name like Grand Slam, the buyers have installed a sports format on the station. They’ve been running it pursuant to an LMA-until-closing since the summer.
Grand Slam is headedby David Greene. It will pair KSLG with KFNS-AM, bought in a deal with Big Stick One that was filed with the FCC 6/15/10. That deal, which came on the heels of an LMA dating back to 9/1/09, went into the books at $1.4M.
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