Two Noncoms Make a Deal
Georgia-based Toccoa Falls College is selling four stations and two FM translators.
The stations are: WRAF and WTXR, Toccoa Falls, Georgia; WEPC, Belton, South Carolina and WPFJ, Franklin, North Carolina. {lock}
Lakeland, Florida-based Radio Training Network is the buyer. Jim Campbell is president/CEO and holds 17% of the equity.
The price is $2.1 million cash. The buyer agreed to make a $100,000 deposit which will be placed in escrow and applied to the total purchase price.
All four stations are noncommercial and the buyer has sked the FCC to waive the main studio rule so it can operate them as a satellite of WLFJ-FM, Greenville, South Carolina.
The two FM translators are licensed to Franklin, N.C. and Lilburn, Georgia.
WRAF is a Class C1 FM with an ERP of 100,000 watts @ 564’ HAAT; it operates on 90.9 MHz.
WTXR is off the air; it has an ERP of 400 watts @ 138’ HAAT; it operates on 89.7 MHz.
WEPC is a Class C2 FM with an ERP of 50,000 watts @ 299’ HAAT; it operates on 88.5 MHz.
WPFJ is a Class B AM with 5,000 watts day/13 watts night; it operates on 1480 kHz from a single tower.
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