A Daytona Beach, Fla. radio station owner is agreeing to sell its Class A Classic Hits station to an operation with a presence on the Florida Panhandle, yet is based in Athens, Ga.
Meanwhile, on the Gulf Coast, a licensee with a non-commercial Oldies station in Northwest Pennsylvania has closed on its purchase of a similarly formatted operation in a favorite locale of snowbirds from the Keystone State.
Susan Hall is the licensee of WLOV-FM 99.5 in Daytona Beach Shores, Fla.
She is agreeing to sell the facility to Southern Broadcasting of Pensacola — a wholly owned Georgia-based company led by Paul Stone.
An affiliate of the buyer is already operating WLOV via an LMA.
Stone and Hall agreed to a price of $450,000, with $200,000 in construction costs to be paid by Stone and debt forgiveness also tied to the agreement.
FLORIDA AM, TRANSLATORS OFFICIALLY CHANGE HANDS
Lake Erie College of Osteopathic Medicine has closed on its $520,000 purchase of WSRZ-AM 1220 and its two FM translators in Sarasota, Fla. — W295BH at 106.9 MHz and W240DP at 95.9 MHz in Venice, to the south of Sarasota and famed Siesta Key, Fla.
The seller is Florida Talk Radio, represented by Michael Bergner of Bergner & Co.
WSRQ holds a construction permit for a new facility with 770 watts during daylight hours and 15 watts at night from 1 tower located two blocks from the famous Yoder’s Restaurant and Amish Village. The 55-watt translator allows WSRQ to reach all of metropolitan Sarasota. The Venice facility is presently unbuilt and is located just east of Nokomis, Fla.
Lake Erie College of Osteopathic Medicine is also the licensee of Erie, Pa.-based WMCE-FM, a noncommercial Oldies station based at Mercyhurst College.