The FCC accepted an application on 2/6/12 in which radio group Xana detailed its plan to acquire an FM CP in northeastern Oregon. Three days later, it accepted another one, in which Xana is the seller, this time in Forks WA.
The stations being sold are KRKZ-AM and KBDB-FM. The buyer is Forks Broadcasting Inc., headed by Mark Lamb, who lists no other broadcast interests.
Xana HD Solutions LLC is the licensee name used by the seller, headed by Thomas D. Hodgins and Chris Jacky.
The price for the pair is $50K. Lamb has built some options into the compensation package to enable use of a 1031 transaction. Various scenarios are accounted for, but in the end, everything is to be paid off no later than 7/1/12. An option to LMA the stations prior to closing is also built into the contract.
Forks is in unrated territory in western Washington, not far from the Pacific shoreline.
KRKZ-AM is a Class C on 1490 kHz with 1 kW-U, ND.
KBDB-FM is a Class A on 96.7 MHz with 6 kW @ -74’.
The station being bought by Hodgins and Jacky is KZUO-FM CP, licensed to Union OR. That deal is for $75K, and is with seller is L. Topaz Enterprises Inc., headed by Dale A. Ganske.
RBR-TVBR observation: If the name Forks WA seems familiar, perhaps it’s because it is the setting of Stephanie Meyer’s wildly popular “Twilight” series. Since the small town is apparently full to bursting with vampires, we would have made it a contract point to festoon the doors and windows of the KRKZ/KBDB studios with garlic.
However, we don’t know if the same rules apply to today’s vampires as applied when we were younger and we were watching people like Bela Lugosi and Christopher Lee portraying the legendary blood-sucker Dracula. Our daughter would likely have an answer for this, but unfortunately she is at school at the moment, and the local schools frown on contacting students on their mobile phones, even if you are a parent with an important research task to accomplish.