Dave Magnum and his Magnum Radio in June signed off on an asset purchase agreement that, upon FCC approval, would give it ownership of a FM and an FM translator in the Wisconsin city of Chippewa Falls.
That affirmative nod from the Media Bureau came, and the deal has now closed.
The stations Magnum has just added were sold by Rollie Bushland and his Bushland Radio Specialties.
They are WCFW-FM in Chippewa Falls and FM translator W256AE, also in the Wisconsin city.
The deal was valued at $600,000.
Speaking for Bushland, Rollie Bushland said, “Pat and I appreciate the many well wishes we’ve received from our loyal listeners and business associates since we announced the sale to the Magnums back in June. As I said back then, it takes time for these transactions to wind their way through the FCC, but we got through it without any hiccups.”
Pat Bushland, Rollie’s wife, said, “Rol is 88, and I’ll be 83 later this month. After nearly 54 years, we’re both looking forward to being able to sleep through storms without having to worry about equipment getting damaged and taking us off the air. Now it’s Dave, Ty, Reid and Chelsey Magnum’s turn.”
Dave Magnum added, “Rollie & Pat remind me of my parents, grandparents and my late wife Lynn’s folks, too. I’d like to think that we’re all cut from some of the same cloth. We’re honored that the Bushlands chose us to be the next stewards of the radio station they founded and successfully operated for over five decades.”
Magnum Group Director of Engineering Chris “Doc” Tarr said that Contract Engineer and Eau Claire native Jon Zecherle, who has performed maintenance on WCFW for over 30 years, will continue in that role after all the new equipment is installed.
Bushland’s legal counsel in this transaction is Gregg Skall. Magnum’s legal counsel is John C. Trent of Putbrese, Hunsacker & Trent.
