Some four years ago, Jimmy Johnson’s Johnson Broadcast Ventures reached an agreement to sell a Class C radio station serving the city of Roanoke Rapids, N.C.
However, some 17 months after the transaction was consummated, the deal cratered due to the buyer’s default on a Promissory Note agreed upon in order to get the sale in motion.
Now, Johnson has tried again, and has a new asset sale agreement in place for this AM facility.