Transactions: 2-21-11


$265K KXGM-FM Cedar Rapids IA (Hiawatha IA) from Extreme Grace Media Inc. (Chris Behmlander) to Educational Media Foundation (Mike Novak). $13,250 escrow, $86,750 cash at closing, $165K note. Includes six FM translators. Both parties are noncommercial entities. [FCC file date 2/9/11]

$175K KTBH-FM Hilo HI (Kurtistown HI) from Ohana Broadcast Company II LLC (Jason R. Wolff) to Resonate Hawaii LLC (Dan Deeb, Carla Maria Morris et al). $25K escrow released to seller at closing, $150K note. Deeb has no interest in any other station, but is GM for Maholo Broadcasting, which owns one AM and two FMs in and around Hilo. Buyer notes it would be a permissible cluster even if he did have an interest in the Maholo stations. [FCC file date 2/10/11]