A group of staffers are acquiring Country “T100” WCLT-FM, AC “Kate 98.7” 1430 WCLT/98.7 W254CT, and Rock “The Big Lick” 104.7 W284CH Newark OH from Douglas Pricer. General Sales Manager Thomas Bunyard will acquire a controlling 51.3% stake of the company for $1.357 million. Chief Engineer James Ferguson and Program Director Mike ‘Wild Walley’ Schneider will each pay $247,800 for 9.3% stakes. The Barbara Jones Trust retains its 7.5% stake and Spencer Family Trust their 15.6% stake.
Ryan Brown’s MH2 Media acquires Sports “FanRun Radio” 1340 WKGN/105.7 W289CU Knoxville TN from Hodges Media for $200,000 while SM Athletics LLC acquires the station’s tower land for $250,000. An LMA took effect on July 16.
https://radioinsight.com/headlines/257258/station-sales-week-of-8-11/
Lance Venta, RadioInsight (2023-08-11)