East Arkansas Buys 3

0

SoldBobby 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.


SHARE
Previous articleLifeline Positions Coastal AM to Sell
Next articleWhy FAB Seeks LPTV Analysis
RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.