R&R Transactions

Transactions for May 26, 2009


Transactions At A Glance
Davidson Media Station WCVG Licensee's WCVG-AM/Covington, Ky., to TMH Media Group, LLC. for $450,00 … 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 … L.M. Communications of Kentucky's CP for NEW-FM/Westwood, Ky., to Serge Martin Enterprises for $110,000 … : Jackman Holding Co.'s CP for WTTT-FM/Stratford, N.H. to Silver Fish Broadcasting for $100,000... Radioactive, LLC's WXMR-FM/Minerva, N.Y. to Convergence Entertainment and Communications' Westport Radio Partners for $100,000 … Vision Latina Broadcasting's KBPO-AM/Port Neches, Texas to Christian Ministries of the Valley for $63,000

Kentucky
WCVG-AM/Covington (Cincinnati)
PRICE: $450,000
TERMS: Asset sale for cash
BUYER: TMH Media Group, LLC., headed by Manager Tracie Hunter. Phone: 859-291-2255. It owns no other stations. This represents its entry into this market.
SELLER: Davidson Media Group, LLC., headed by President/CEO Felix Perez. Phone: 212-813-6764
FREQUENCY: 1320 kHz
POWER: 500 watts day/430 watts night
FORMAT: Black Gospel
BROKER: John Pierce & Co., LLC
COMMENT: Davidson Media Station WCVG Licensee's WCVG-AM/Covington, Ky., to TMH Media Group, LLC. for $450,000, payable in cash at closing. $22,500 escrow deposit.

NEW -FM(CP)/Westwood (Louisville)
PRICE: $110,000
TERMS: Asset sale for cash & note
BUYER: Serge Martin Enterprises, Inc., headed by President Serge Martin. Phone: 615-896-0082. It owns no other stations. This represents its entry into this market.
SELLER: L M Communications, headed by President Lynn Martin. Phone: 859-233-1515
FREQUENCY: 99.7 MHz
POWER: 3kw at 328 feet
FORMAT: CP - NOA
COMMENT: L.M. Communications of Kentucky's CP for NEW-FM/Westwood, Ky., to Serge Martin Enterprises for $110,000. $10,000 cash at closing plus $100,000 promissory note.

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.

New Hampshire
WTTT-FM(CP)/Stratford
PRICE: $100,000
TERMS: Asset sale
BUYER: Silver Fish Broadcasting, Inc., headed by President Carlton Fitch. Phone: 703-966-9627. It owns no other stations. This represents its entry into this market.
SELLER: Jackman Holding Co., LLC, headed by Member A Wray Fitch III. Phone: 703-761-5013
FREQUENCY: 98.7 MHz
POWER: 143 watts at 1,959 feet
FORMAT: CP - NOA
COMMENT: Jackman Holding Co.'s CP for WTTT-FM/Stratford, N.H. to Silver Fish Broadcasting for $100,000.

New York
WXMR-FM(CP)/Minerva (Burlington-Plattsburgh)
PRICE: $100,000
TERMS: Asset sale for cash
BUYER: Convergence Entertainment and Communications, LLC., headed by Manager Jeff Loper. Phone: 714-321-3111. It owns no other stations. This represents its entry into this market.
SELLER: Radioactive, LLC., headed by President/Member Benjamin Homel. Phone: 859-331-9100
FREQUENCY: 100.7 MHz
POWER: 1kw at -115 feet
FORMAT: CP - NOA
BROKER: Jay Meyers
COMMENT: Radioactive, LLC's WXMR-FM/Minerva, N.Y. to Convergence Entertainment and Communications' Westport Radio Partners for $100,000, payable in cash at closing. $10,000 down payment.

Texas
KBPO-AM/Port Neches (Beaumont-Port Arthur)
PRICE: $63,000
TERMS: Asset sale for cash
BUYER: Christian Ministries of the Valley, Inc., headed by President Enrique Garza. Phone: 956-968-7777. It owns two other stations. This represents its entry into this market.
SELLER: Vision Latina Broadcasting, Inc., headed by President Eloy Castro. Phone: 575-392-7579
FREQUENCY: 1150 kHz
POWER: 500 watts day/63 watts night
FORMAT: DARK
COMMENT: Vision Latina Broadcasting's KBPO-AM/Port Neches, Texas to Christian Ministries of the Valley for $63,000.

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