East Arkansas Buys 3
Bobby Caldwell’s East Arkansas Broadcasters is bulking up his Russellville cluster.
EAB of Russellville LLC is acquiring KARV-AM-FM and KYEL-FM from Kermit and Diane Womack of Springdale, Arkansas.
KARV-AM is a four tower kilowatt on 610 kHz, licensed to Russellville. KARV-FM is a class A facility on 101.3 mHz, licensed to Ola, Arkansas, and KYEL-FM, also a class A, on 105.5 MHz is licensed to Danville FM, Inc., owned by Diane Womack. All three stations have studios in Russellville.
The purchase price is $800,000 cash at closing for all assets of both companies, assuming regulatory approval.
Caldwell also owns and operates six other market area stations, KWKK-FM-Russellville, KCJC-FM and KCAB-AM-Dardanelle, KCON-FM-Atkins, all with studios in Russellville, and KVOM-AM and KVOM-FM with studios in Morrilton, Arkansas. Various Caldwell entities also own and operate 19 other radio stations in several Arkansas markets.
Kermit Womack also continues to own and operate KURM-AM/FM in Springdale, Arkansas.
Bill Cate of Media Services Group’s Little Rock office was the exclusive broker of this transaction.