Fred Westenberger, whose family brings Christian programming to the radio in four markets, is expanding in one of them, picking up yet another spin-off from Utah-based Simmons Media Group. The station is KQPN-AM West Memphis AR.
Westenberger will license it as KQPN-AM. The value of the property is listed as $400K, which will be paid in cash. According to the contract, $275K of that is going to tangible personal property, $25K to real estate and $100K for FCC licenses and goodwill. An LMA was scheduled 5/1/10.
It will pair up with WMQM-AM Lakeland TN and WLRM-AM Millington AR. KQPN operates with a Sports format at the moment.
Westenberg also owns standalone stations in Nashville, Knoxville and New Orleans.
Two brokerage firms worked on the deal, John Pierce & Company for the buyer and Patrick Communications for the seller.
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