The independent television outlet is being sold by Georgia-Alabama Broadcasting Inc., headed by Peter and Sarah Mallory.
The buyer is Community Network Television LLC, headed by Carey and Tammy Carroll.
The price is $365K. $200K will go directly to the Community Bank of LaGrange to pay off the principal of a loan, $115K will go to the seller in cash, with $15K expected to cover legal and other deal-related expenses, and the remainder will be paid via a $50K promissory note.
An LMA will be in place until closing, with the buyers paying $500 per week plus covering certain expenses.
The programming on the station is described on the station’s website: “WJCN Community Network Television broadcasts in 11 counties in Georgia and Alabama and is carried on 10 cable systems. Our signal is also available to off air viewers. From Peachtree City, Georgia to Lake Harding, Alabama and everywhere in between, WJCN covers East Alabama and West Georgia with positive programming.”