Transactions: 12-22-09


$500K FM CP Greenville-New Bern-Jacksonville NC (Magnolia NC) from Down East Communications/CDC/& Center for the Performing Arts (Terry Daniels) to Pathway Christian Academy Inc. (T.D. Worthington). $40K down payment, $50K within 10 days of FCC approval, $40K within 30 days of construction; transfer of three FM translators valued at $125K to sellers including W263BE Rose Hill NC, W250AZ Wilson NC and W266AV Jacksonville NC; remainder via promissory note. [FCC file date 12/21/09]

$1.00 WYYY-FM CP Tallapoosa GA and FM CP Dozier AL from Old Time Gospel Ministries (Robert Jarrell) to Alabama Christian Radio Inc. (Jimmy Jarrell et al). Cash. Tallapoosa CP is for Class A on 88.7 MHz with 4 kw @ 72’; Dozier CP is for Class A on 90.5 MHz with 300 w @ 243’. . [FCC file date 12/21/09]

RBR/TVBR note: Now available “Profitably Buying and Selling Radio Stations,”RBR/TVBR’s ‘2010’ new book and guide to help chart a course through the treacherous waters of buying, owning and selling radio or television stations. A comprehensive resource which includes template agreements and advice to assist sellers, potential buyers, lenders and investors.  Coauthored by Erwin Krasnow, John King and John Pelkey of Garvey Schubert Barer.
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