Radio deals make it to the finish line


The sale of a trio of radio stations in Worthington MN has come to closure, as has the sale of an FM translator that will introduce the signal of a Chapel Hill NC AM to the FM dial. In both cases, a respectable amount of cash changed hands in return for the broadcast facilities.

In Worthington, Absolute Communications II was the buyer, and Three Eagles of Luverne the seller. The stations include two FMs and an AM — KITN-FM, KWOA-FM and KWOA-AM – and the price is $2.2M. Jerry Johnson with Media Services Group of Media Services Group was the broker, working for the seller.

In Chapel Hill, part of the Raleigh-Durham market, WCHL-AM is the station getting the translator, licensed to Creedmoor. W250BP will be going to Vilcom Interactive Media from seller Liberty University, well-known multi-faceted bastion of Jerry Falwell and now, Jerry Falwell Jr. The price: $100K. Bob Heymann of Media Services Group was the broker on the deal, which marked his return to his college stomping grounds where his broadcast career began helping to establish a student radio station.