NIA Broadcasting has agreed to sell 1470 WMGG Egypt Lake/101.9 W270DU Tampa to Daniel de la Rosa’s DRC Broadcasting for $600,000.
DRC began operating the station via Time Brokerage Agreement on August 31 flipping the station to Spanish Tropical “Ritmo 101.9“. WMGG had been simulcasting NIA’s Regional Mexican “Caliente 96.1” WTMP-FM Dade City.
The deal includes a five year Time Brokerage Agreement with a nonrefundable $250,000 upfront payment that will go towards the purchase price. DRC will also pay $1000 per month to lease the transmitter site for five years.
The buyers owns similarly formatted “Ritmo 99.9” 1460 WQXM/99.9 W260DA Bartow/Lakeland FL.