Serving a city known for its “friendship and pride” is a 6kw Class A offering “today’s best hits and yesterday’s best memories” from the Window on 8th Street.
Now, this Indiana FM is trading hands, and the buyer’s only other properties are comprised of an AM and two FM translators within the Indianapolis market.
To the south of South Bend and to the west of Fort Wayne is the small municipality of Rochester, Ind., population 6,218 as of the 2010 Census.
The local radio dial has limited choices: This Class A FM, a Classic Hits station from nearby Warsaw, and a Class B AM from another nearby town, Plymouth. There are also two Christian Contemporary stations, one of which is a KLOVE affiliate.
For Rochester residents, this leaves its FM at 92.1 MHz, WROI-FM, its lone voice.
It’s just been sold.
Thomas and Cynthia Sue Bair are spinning WROI to 3 Towers Broadcasting Co.
The Bairs will earn $553,000 for the sale of their station; a $5,000 escrow deposit has been placed with Peterson Waggoner & Perkins LLP. The bulk of the purchase price — $528,000 — will be represented by a term promissory note. Monthly installments of $9,000 will be paid starting July 20 for a year. Then, 42 monthly installments of $10,000 will be paid through February 20, 2024.
There is no broker or finder in this transaction, which also includes radio building and transmitter real estate contracts. The building is being purchased for $55,000; the transmitter site is being sold by the Bairs for $15,000.
The buyer is led by Scott Huber of Shelbyville, Ind. His legal counsel in this transaction is Matthew McCormick of Fletcher Heald & Hildreth.
Huber’s company is the operator and owner of WSVX-AM 1520 in Shelbyville, a Class D that uses W243CL at 96.5 MHz to serve the area southeast of Indianapolis as “Giant FM.” Another translator at 106.3 MHz, W292FH, covers the Greenfield, Ind., area to the north of Shelbyville.
Since 2007, 3 Towers has operated WSVX, with Huber, aged 44, as GM. A Shelbyville native, he left The Shelbyville News to join the radio station in 2001, for his current role. He is also the owner of Office Hub, a Shelbyville printing and office supply business, with his wife, Shannon.