Thursday, June 2, 2011

Deal market coming to life: 2 closings

The station trading market continues to show increasing signs of life. We closed two deals this week:

1) JWBP Broadcasting completed the acquisition of the assets of radio stations KBCE-FM, licensed to Boyce, LA and KMXH-FM, licensed to Alexandria, Louisiana, from Trinity Broadcasting d/b/a URBan Radio. The sale price was $600,000. I represented the seller (URBan Radio).

2) Houghton Community Broadcasting Corporation closed the acquisition of the assets of radio stations WOLV-FM, WCCY-AM, and WHKB-FM, Houghton, Michigan, from Heartland Communications Houghton License, LLC. The price was $535,000.

Jerry Johnson and Tom McKinley of Media Services Group represented the seller in this transaction. Congratulations to all of the parties!

Media Services Group