Read this: a Christian Talk and Teaching FM serving the Spokane market and its simulcast partner serving the Tri-Cities, Wash., market, comprised of Richland, Kennewick and Pasco, are being sold by Thomas Read.
Who’s the buyer? Look no further than the nation’s largest Christian Contemporary noncommercial music network.
Read’s Liberty Broadcasting System is selling KSPO-FM in Dishman, Wash., while his Read Broadcasting LLC is spinning KGDN-FM in Pasco, Wash.
Each are going to K-LOVE INC., the entity linked to Educational Media Foundation that is the parent of the K-LOVE and Air1 Worship Music networks found across the U.S.
A $1.3 million purchase price has been agreed to by the parties, with a $65,000 deposit made by K-LOVE to Read.
Serving as the seller’s broker in this transaction is Mark Jorgenson of Jorgenson Broadcast Brokerage.
