Arkansas LPTV sold


LPTVJonesboro AR is not expected to be a hotbed of incentive auction action, which likely means that the prospects for a standard LPTV located there for survival are pretty good.  A station buyer appears to think so. Broker: Minority Media and Telecommunications Counsel (seller)

The station is KJNE-LP.

The seller is New Moon Communications LLC, headed by President Darnell Washington.

The buyer is Jonesboro TV LLC, headed by President Michael Reed.

The price is $60,000 cash.

The station operates on Channel 42.

Greenhill 1 estimates placed both the maximum and media value of a relinquished full power television station at $12M. There was estimate for Class A stations. As a low power, KJNE is not qualified to participate.