Receiver finds a buyer for Florida FM


A non-commercial group that is already operating in Inglis FL with a Class A television station is adding an FM station licensed to the same community to its media arsenal. It’s yet another sign-of-the-times transaction, featuring a troubled commercial property being rescued by a non-profit entity.

The station is WOGF-FM, a Class A on 104.3 MHz with 4.4 kW @ 381’. It is located in unrated territory not far from the Gulf of Mexico, west of the Gainesville-Ocala market, well to the north of the Tampa-St. Petersburg market and well to the south of the Tallahassee market. It is said to be currently off the air.

The seller is Sabatino Cupelli’s Nature Coast Broadcasting Inc. Debtor-in-Possession, with brokerage veteran Burt Sherwood acting as receiver. Cupelli’s license company acquired the station on the basis of an application dated 10/6/03, from Seven Rivers Broadcast Ministry Inc., for a price of $525K. The call letters were WIFL at the time.

The new buyer, Citrus County Association for Retarded Citizens, headed by E. David Detmer, will pay less than half that amount. The new deal is for $200K, with the full amount going into escrow.

CCARC already owns Class A television outlet WYKE-CD in Inglis.