Morgantown / Fairmont stations changing hands

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Dave Harman
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Morgantown / Fairmont stations changing hands

Post by Dave Harman » Fri Oct 21, 2016 8:55 am

"This is to announce that a contract has been signed and an application has been filed with the FCC for the transfer of radio stations WRLF-FM, WZST- FM, WMMN-AM, and WTCS-AM, Morgantown-Clarksburg-Fairmont, West Virginia, from Spectrum Radio Fairmont, LLC to LHTC Media Inc. of West Virginia.
The Seller, Spectrum Radio Fairmont, LLC, is a West Virginia-based company. Spectrum Radio has no other broadcast interests.
The Buyer, LHTC Media Inc. of West Virginia, is a wholly-owned subsidiary of Laurel Highland Total Communications, Inc. (“LH Total”) headed by Jim Kail. Another wholly owned subsidiary of LH Total, LHTC Media, Inc., owns radio stations in Apollo and Latrobe, Pennsylvania.
KALIL & CO., INC. is the exclusive broker for this transaction."

https://radioinsight.com/blog/headlines ... antown-wv/

Tom Taggart
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Re: Morgantown / Fairmont stations changing hands

Post by Tom Taggart » Fri Oct 21, 2016 10:04 am

$700K, unless revenues fall below that amount (yearly--2016 I presume) then $650K. Buyer operating under an LMA.

JKF18
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Re: Morgantown / Fairmont stations changing hands

Post by JKF18 » Fri Oct 21, 2016 7:27 pm

Are we certain the new company is not actually one of the WVRC head honcho's butler's great aunt's second cousin's business that might use an address cross town cause there is no co-ownership in anyway shape or form. :D Just sayin' there is definitely some sour grapes with the Mountaineers. 8O

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Scott Reppert
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Re: Morgantown / Fairmont stations changing hands

Post by Scott Reppert » Thu Oct 27, 2016 2:07 pm

Radio is dead. Next...
Scott Reppert
Music Director/Program Director/On-Air Personality
WTCS/WFGM/WMQC/WAIJ/WLIC/WRIJ/WKJL/WRWJ/WPCL/WWPN
Media Coordinator: "Believe Right" TV and Shortwave
"For mine eyes have seen Thy salvation"--Luke 2:30

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Dave Harman
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Re: Morgantown / Fairmont stations changing hands

Post by Dave Harman » Mon Oct 31, 2016 12:35 pm

The wounds were self-inflicted. :(

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