Beachfront FM sold out of trouble


An FM station serving the Myrtle Beach SC market ran into misfortunes that eventually took it off the air. But it has now been sold to a group of investors, one of whom has a stake in a local AM station, bringing together “The Sound of North Myrtle Beach” with “Surf 94.9.”

The latter station is WVCO-FM, a Class C3 on 94.9 MHz, putting out 11 kW from 489’ HAAT. It’s licensed to Loris SC.

The license was held by Carolina Beach Music Broadcasting Corporation. It filed for Chapter 11 protection 11/10/09, and then a little over a month later principal, Harvey A. Graham Jr. passed away, on 12/19/09. His wife Selene was named executrix, and received FCC permission to take the station silent 1/17/11.

It is not being sold to Carolina Beach Music LLC, made up of a group including William D. Norman Jr., Harold G. Worley Sr., Harold G. Worley Jr., Jessica Worley and Lindsey Blair Worley.

They are paying $901K for the station. $41,651.31 of that is going to the selling corporation, and the rest is going to the banks who were involved with the station, including BB&T and Horry County State Bank. Additionally, Norman Communications will withdraw a claim on the station worth about $17.6K.

Investor William Norman has a stake in 900 kHz WNMB-AM North Myrtle Beach, which plays Oldies and Classic Hits. An LMA for WVCO-FM was entered into 3/28/11.