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.
WRKP sold
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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.
We were the brokers in this transaction.
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David Paleg wrote:
As God is my witness, I told Johnny Fever not to speak.
This just in; The Big Guy lays the smackdown on paraonid jock. More coming up after the break...
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