New owner coming to western VA FM


A deal has been filed to sell WFYE-FM Glade Spring VA, located in unrated territory in the western portion of Virginia, and northeast of the Tennessee-Virginia-straddling Johnson City-Bristol-Kingsport market. The seller will be hanging on to its other FM on the other side of the market.

The seller is ASRadio, headed by Alan Sneed. The company retains WEYE-FM Surgoinsville TN.
The buyer is HB Radio LLC, comprised of four stakeholders including David W. Blair, Michael G. Ferrell, Lucia Ashworth and Sarah W. Strang. The buyer has no other broadcast interests.

The price will be $155K cash. A TBA kicked off 3/19/12.

The station is a Class A on 100.5 MHz with 6 kW @ -13’.