Soda Springs deal leaves paper trail

By on Oct, 29 2014 with Comments 0

SoldThe trail isn’t at the FCC per se, at least not in the Commission’s electronic files were we go to access it. No, the deal for KBRV-AM involves seller paper.

The station is part of the Idaho Falls-Pocatello market.

The seller is Flash Broadcasting LLC. Franklyn Vilt is its managing member.

The buyer is Old West Media Inc., headed by Val Cook.

The deal is valued at $110,500, and is entirely covered by a promissory note. Essentially, buyer will be taking over certain payments attached to the station. This includes two loans financed by Caribou Broadcasting, money to purchase a repeater license and equipment for translator, and refinancing of business loan carried by Flash.

KBRV-AM is a Class D on 800 kHz with 10 kW-D, 150 W-N, ND.

Old West owns KASL-AM Newcastle WY and has LMAs with KNYN-FM Fort Bridger WY and KADQ-FM Evanston WY. None of them have any contour overlap with KBRV.

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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