Transactions: 2-3-11


$6.75M WPFB AM-FM Dayton OH (Middletown OH) and WPAY-FM New Boston OH from Radio Stations WPAY/WPFB Inc. (Douglas L. Braden) to Northern Kentucky University (James C. Votruba et al). $337.5K escrow, balance in cash at closing less $75K rebate from seller back to buyer for accepting station in “as is” condition. Buyer seeks main studio waiver. Parties strike management operating agreement under which seller can withdraw $40K monthly from escrow deposit once transfer application is accepted by the FCC. [FCC file date 1/26/11]

$700K KDPM-FM Eugene-Springfield OR (Cottage Grove OR) from Diamond Peak Investments LLC (Steve Master) to Catholic Broadcasting Northwest Inc. (Lonnie J. Ellington et al). $50K escrow, balance in cash at closing. Includes FM translator. [FCC file date 1/24/11]