Burbach of DE’s Parkersburg WV cluster

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contracteng
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Burbach of DE’s Parkersburg WV cluster

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Kerby Confer and Donald Alt continue the breakup of their respective holdings. After Seven Mountains Media led by Confer’s daughter Kristen Cantrell agreed to purchase Forever Communications’ Bowling Green KY properties and Confer himself bought Burbach of DE’s Parkersburg WV cluster, while the remainder of their West Virginia holdings went to other parties over the past few years, Confer will transfer his 45% stakes in Forever Communications Inc. and Forever South Licenses LLC to Alt’s Alt Dynasty Trust, while Christine Hilliard, who owns a 10% stake in each company will transfer a percentage of her shares to Alt to keep the same ownership level in the restructured companies. Alt will pay Confer $300,000 for the Forever Communications stake and $125,000 for Forever South. Hilliard will receive $175,000 for her redeemed shares in Forever Communications and $75,000 for Forever South. The deals follow a similar split of their holdings in Delaware, Pennsylvania and Maryland last year.
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