Transactions: 7-8-11


$1.95M WTKM AM-FM Milwaukee WI (Hartford WI) from Kettle Morain Broadcasting Company Inc. (Scott A. Lopas) to Tomsun Media LLC (David M. Stout, Connie Stout). $1.8M for stations, $150K for real estate. $85K escrow, $665K cash at closing, $900K note, $150K in advertising for seller’s Tour Company. $100K allocated to three-year non-compete. Also includes consulting agreement with Lopas. [FCC file date 6/23/11]

$700K KNAF AM-FM Fredericksburg TX & KFAN-FM Johnson City TX; and KEEP-FM San Antonio (Bandera TX) from J&J Fritz Media Debtor-in-Possession (Randolph N. Osherow, trustee) to Hill Country Broadcasting LLC, a subsidiary of Fritz Family LP (Norbert Fritz). Won in bankruptcy court auction. $35K escrow, cash. Trustee holding stations for Jayson and Jan Fritz, of who Norbert is father & father-in-law, respectively. Jayson is not permitted to have control of or be employed at stations until sale is completely funded. KEEP-FM is silent. LMA 4/28/11. [FCC file date 6/24/11]