It’s known as the home of The Telegram News, Zip Printing and “The Radio,” a hub for four broadcast brands serving Southern Ohio from Jackson County, due west of Parkersburg.
Soon, an AM, FM and FM translator serving a small city to the northeast of Jackson, Ohio, will be added to the mix, pending FCC approval.
Total Media, the d/b/a name used by licensee Jackson County Broadcasting Inc., has signed off on an asset purchase agreement that will give it ownership of WATH-AM 970, W246CE at 97.1 MHz, and WXTQ-FM 105.5 in Athens, Ohio.
The seller is WATH Inc., headed by President David Palmer.
Signing off on the purchase for Total Media is President Alan Stockmeister.
The transaction is valued at $1.06 million. A $20,000 deposit credited toward the total purchase price has been credited to the buyer. A $380,000 cash payment will be made at closing. The remaining $660,000 will be honored in an interest-free Promissory Note.
A Time Brokerage Agreement is in place, giving Total Media immediate control of the stations.
Serving as the buyer’s legal counsel is veteran communications attorney Gregg Skall of Telecommunications Law Professionals LLC.
