Kentucky trio sold

By on Oct, 30 2014 with Comments 0

SoldCommonwealth Broadcasting Company, headed by well-known industry activist Steve Newberry, is selling three stations to subsidiaries of Key Broadcasting Corporation. Broker: Ed Henson, Henson Media

The stations are WTCO-AM/WCKQ-FM Campbellsville KY and WGRK-FM Greensburg KY.

The buyer, headed by Terry Forcht, will be using licensee names Tri-County Radio Broadcasting Corporation and First Corbin Realty, LLC to legally house the properties after closing.

The price will be $1,700,000 cash,

Radio is just one of many business categories in Forcht’s portfolio. The Forcht Group also has interests in such disparate endeavors as banks and financial services, nursing homes and insurance.

About The Author: RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.

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