Transactions 06-28-07


1.5M KBIM AM & FM Roswell NM from King Broadcasting Company Inc. (John H. King) to Noalmark Broadcasting Corporation (William C. Nolan Jr., Edwin B. Alderson Jr.). 100K escrow, balance in cash at closing. Includes non-compete, consulting agreement. Will need waiver due to slight overlap between KBIM-FM and stations about 90 miles away in Hobbs NM. [File date 6/4/07.]

85K KLBO-AM Monahans TX from Sandhills Communications Inc. (Rick Anderson) to Kickin' Country Broadcasting LLC (Gerald E. Kiefer, Robert W. Souza, Perry C. Gipson, Robert E. Williams, Andre R. Labombard). 1,992.08 monthly loan from buyer to seller as earnest money, 45K cash at closing less the monthly loans, 40K note. [File date 6/5/07.]