WRKP sold

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Tom Taggart
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WRKP sold

Post by Tom Taggart »

To EMF (the K-Love folks) for an even one million.

WRKP is a Class A on 96.5, with a transmitter site some miles south of Moundsville. Present format is religion.

Nice to have money to burn.
klever
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Post by klever »

how can it possibly be worth that?
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Dr Fever
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Post by Dr Fever »

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/unavailable for comment at this time.

//wait, what, this ISN'T about WKRP??? Nevermind. Move along. Nothing to see here.
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"Children are like TV sets. When they start acting weird, whack them across the head with a big rubber basketball shoe."
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David Paleg
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Post by David Paleg »

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As God is my witness, I told Johnny Fever not to speak.
"Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work."
wlpatrick
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Post by wlpatrick »

In response to the question of why was it worth that to EMF, you should look not only at the total price but at the terms. $300,000 down and $700,000 in term financing for the buyer from the seller. That is often how EMF buys stations with some money down and a seller note. That allows them to start producing contributions from the new coverage area that can be used to pay off this note.

We were the brokers in this transaction.
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Post by Paradigm »

Glad to see Ron King the owner made out well in this deal. I have been providing the live streaming and web hosting for his station for about a year now and have always been surprised by the traffic that little station drives.
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Dr Fever
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Post by Dr Fever »

David Paleg wrote:Image

As God is my witness, I told Johnny Fever not to speak.
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This just in; The Big Guy lays the smackdown on paraonid jock. More coming up after the break...
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"Children are like TV sets. When they start acting weird, whack them across the head with a big rubber basketball shoe."
-Hunter S. Thompson
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