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!
George
Media Services Group
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!
George
Media Services Group
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