Mark Jorgenson wears more than a broker’s hat – and on this occasion, he is heading up Del Caribe Partners LLC to acquire a low power television station licensed to West Palm Beach FL. The seller is Spirit Productions Inc., headed by David A. Mantwill, and the station is WALO-LP.
The price is $400K cash.
Del Caribe is exercising a purchase option that was part of a time brokerage deal. The parties put their John Hancocks on the TBA/option on 11/17/08.
RBR-TVBR note: Now available RBR-TVBR’s ‘2010’ new guide to help chart a course through the treacherous waters of buying, owning and selling radio or television stations.
Click to purchase: “Profitably Buying and Selling Radio Stations,” or 1-800-288-4677, ext. 5022 for $49.95, paperback, $39.95, e-book.