Cannon fodder for husband and wife
Their license company is Spinlogic Enterprises Inc. Their son Andrew also has a role in the company but is not credited with a stake in it.
The seller is Calcomm Stations Oregon LLC, headed by Johanne L. Miller.
The price is heavily backloaded with seller paper. The deal is valued at $170K, with $42.5K paid in cash and the remainder pursuant to terms of a promissory note. $50K of the price is allocated to tangible personal property, and $120K to intangibles and good will.
The station is a C3 on 94.9 MHz with 7 kW-H, 1.2 kW-V @ 302’. It is located on the northern portion of the Oregon coast, south of where the Columbia River empties into the Pacific Ocean and a distance northwest of Portland.