The good thing about down times in the station trading market is that there are plenty of bargains out there if you can scrape together the wherewithal to make a purchase. Such is the case for Debut Broadcasting, which as two deals in the fire with will take its O&O radio group from service in one state to three.
At this point, the sum and total of the group’s broadcast holdings are in the state of Mississippi. However, it has established a beachhead in Louisiana, and that will be the site of one of its acquisitions.
According to a recent filing with the SEC, Debut has executed an agreement to acquire KLSM-FM Tallulah LA, a station it has been running in an LMA since 2008. The station is licensed to Holladay Broadcasting of Louisiana LLC. It’s a Class A on 104.9 MHz with 3 kW @ 299’.
Tallulah is in unrated territory in the northeast quadrant of the state. It is situation on I-20, a thoroughfare that connects Vicksburg MS and Monroe LA. Tallulah is much closer to Vicksburg and the Mississippi River.
The second deal, according to the filing, is for WNBV in Grundy VA. Grundy is in the far western portion of Virginia, not far from its border with Kentucky, and is also in unrated territory. Debut says it will begin running the station in an LMA 12/1/10.
Terms of the deals were not disclosed to the SEC, and neither has yet appeared in the FCC’s transaction database.