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artmorris
Administrator
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Posted: Sat May 30th, 2009 02:43 am |
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Transaction posted in Radio & REcords this week...
Missouri
NEW -FM(CP)/Cuba and NEW -FM/Wheatland and KLPW-FM/Elsberry (St. Louis)
PRICE: $344,000
TERMS: Asset sale for cash
BUYER: Randy Wachter. Phone: 314-808-3780. It owns no other stations, including KQQX-FM/St. Louis.
SELLER: Marathon Media Group, LLC., headed by President Chris Devine. Phone: 312-204-9900
FREQUENCY: 101.7 MHz; 102.3 MHz; 101.7 MHz
POWER: 6kw at 171 feet; 5kw at 361 feet; 3kw at 466 feet
FORMAT: CP - NOA; CP - NOA; Country
COMMENT: Marathon Media Group's KLPW-FM/Elsberry, Mo., along with its CP for NEW-FM/Cuba, Mo., and its CP for NEW-FM/Wheatland, Mo., to Randy Wachter's Broadcast Management for $344,000. $100,000 escrow deposit plus $35,000 at the Cuba CP closing plus $209,000 at the KLPW-FM closing.
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Jamie Turner
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| Joined: | Mon Feb 5th, 2007 |
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Posted: Mon Jun 1st, 2009 03:30 am |
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| Wasn't he in trouble for not having main studio locations at the old Cuba site?
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moradio
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| Joined: | Wed Mar 28th, 2007 |
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Posted: Tue Jun 2nd, 2009 09:10 pm |
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Last edited on Sat Jun 20th, 2009 09:33 pm by moradio
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MediaMogul
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| Joined: | Thu Apr 5th, 2007 |
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Posted: Wed Jun 3rd, 2009 04:05 am |
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According to the websites he had up for a while, he was begging for some help in financing the stations. Yet he wanted somewhere in the neighborhood of $20,000,000 for 93.3, and $2,500,000 for 104.3 at Vandalia.
If any station serving greater Vandalia Missouri and "capable of billing $25,000 a month" is worth $2,500,000 in this economy... please, pass me some of what he is taking because I'd like to go on THAT trip.
My guess is with the addition of these stations, $50,000,000 will be "in the ballpark" for the group!
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