Benne bags a pair of Jewells
The seller is headed by Melvin Pulley.
The buyer is Benne Broadcasting of Bolivar LLC, headed by Dennis F. Benne.
The price is $375,000 cash. $235K is allocated to tangible person property, $85K to real property and $50K to the FCC license and goodwill.
A TBA began 11/1/14 and will remain in effect until closing. Benne will not pay any particular rent, but will pick up the tab for a number of operating expenses, including employee salaries, insurance, rent, utilities, telephone, contract engineering, pro-rated FCC fees and pro-rated real estate taxes.
KYOO-AM is a Class D on 1200 kHz with 1 kW-D, ND. It’s located to the northwest of Springfield MO.
KYOO-FM is a Class C3 on 99.1 MHz with 25 kW @ 328’. It’s located to the due north of Springfield MO.
Benne has five other Missouri radio stations. None of them overlap the KYOO combo.