It’s presently airing an all-Christmas format, but with country music artists.
Soon, it will be devoting all of its musical choices to Jesus Christ and his teachings.
A Class B1 FM serving Canton, Illinois, with coverage of much of Peoria, has just become the latest acquisition for Educational Media Foundation.
The parent of the KLOVE and Air1 noncomm Christian Contemporary Music (CCM) networks is agreeing to purchase WCDD-FM 107.9 in Canton, Ill.
The seller is Illiana Communications, which is earning $170,000 from the divestment. An $8,500 deposit has been made by EMF.
The deal does not include the tower for WCDD. As such, EMF will lease it from Illiana. Terms call for monthly rent of $500, starting on the first anniversary of the lease, enacted at closing. The monthly rent is payable for the following 47 months. When that agreement ends, a new one is exercisable at a 10% increase in value.
The transaction does include the following:
Entering the Peoria area is likely one of many objectives for EMF as it seeks national coverage. The closest station airing KLOVE to Canton, Ill., is WLKU-FM 98.9 in the Quad Cities of Illinois and Iowa.
