WQMC-AM Sumter is going commercial. Morris College has decided to spin the station to for-profit Miller Communications Inc., headed by Harold T. Miller and including among the principals Theresa Miller, William Duncan and Frank Avent. The price works out to 110K, but the terms guarantee Morris College will continue to have a relationship with the station. The compensation package includes a 5K escrow deposit, 45K cash at closing, a 10K lease agreement, and – here’s the ongoing part – 50K worth of advertising for the College capped at 3K per month until that total is reached. Miller owns several other stations in the area, including WDXY-AM/WICI-FM Sumter, WWKT-FM Kingstree and WIBZ-FM Wedgefield.
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