The current trend in the trading of noncommercial FM CP trading has featured a large number of deals in which only nominal or no compensation was involved, usually in order to procure an 18-month CP extension. What makes the sale of WHMM-FM CP in Spotsylvania VA exceptional, then, is a six-figure price tag.
The rights to build the station are going from Mariamante Academy Inc. to Virginia Tech Foundation Inc. Paul A. Desilets signed off on the deal for the seller, Raymond D. Smoot Jr. for the buyer.
The price will be $135K. And this is not one of those buy now, pay later deals. VTF will come up with the full amount in cash at closing.
The CP is for a Class A on 88.3 MHz with 2.5 kW @ 266’.
It is asking for a main studio waiver in order to add the station to its state radio station network, which already includes eight stations. It would base WHMM 138 miles away at the studio of flagship WVTF-FM Roanoke. It would also serve the citizens of Spotsylvania in a number of ways from the network’s auxiliary studio that is based in Charlottesville, only 43 miles away from Spotsylvania. Between the two locations, VTF promises to monitor and serve the needs of listeners in the Spotsylvania area.
The network provides a variety of informational and cultural programming, including NPR fare and news programming produced in house and focused on the affairs of Virginia.