In a deal that’s just been filed with the FCC for its regulatory approval, a Class A FM with a signal scraping Lexington, Ky., from the south has just been sold.
The buyer is led by President Karen Moses.
Moses’s SIM NJK Communications Corp. is agreeing to purchase WNJK-FM 105.9 in Burgin, Ky.
The seller is Choice Radio NJK Corporation, led by Jonathan L. Smith.
And, he’s earned $225,000 in an agreement that sees Smith move ahead and conclude a forbearance agreement with Vernon R. Baldwin Inc. struck in June 2014.
As such, Baldwin is satisfied with the funds owed by Smith, while Moses is gaining control of the FM.
There is no broker or finder in this transaction.
