The station is a noncommercial Class A on 90.1 MHz with a modest 100 W @ 390’. It serves unrated territory not far from the point where the borders of Massachusetts, Connecticut and Rhode Island intersect, just to the southwest of Worcester MA.
Epic Light, headed by James R. Dunn, will pay half of the purchase price as a deposit and pay the remainder at closing.
The real deal will happen if Epic Light is able to resell the station. If that happens within a year, Christian Mix stands to earn $275K, less up to $50K in legitimate documented expenses incurred by Epic Light for capital improvements to the station.
It the station is sold in the second year, the terms are the same except the payday for Christian Mix decreases to $250K, and it drops to $200K during the third year.