$1M WGMF-FM Wilkes Barre-Scranton PA (Dallas PA) from Geos Communications (Kevin M. Fitzgerald, Benjamin P. Smith, Betty S. Curtin) to Family Life Ministries Inc. (Richard M. Snaveley Jr.). $50K escrow, then either balance in cash at closing; $500K at closing with three payments of $150K each by 12/31/10; or $500K cash at closing and $450K paid via six-year note. LMA 711/09. Buyer will also receive licenses for W236BB Tunkhannock PA and W290BS Turbotville PA (but no equipment); and third party non-profit Telikoja Educational Broadcasting Inc. will receive license for WCIG-FM Carbondale PA (also in Wilkes Barre-Scranton market), with responsibility for lease and not including certain equipment items, and with FLM retaining rights to the WCIG call letters. [FCC file date 6/24/09]
Sign up for free to get:
The Daily Intelligence Report delivered to your inbox.
RBR+TVBR delivers complete broadcasting news analysis and our famous observations.