A buyer has stepped forward to claim WIYC-TV Troy AL, serving the Montgomery AL DMA. The station has a history of receivership and is coming at a big discount from the contract price of an earlier attempt to sell it.
The seller of the Channel 48 facility is Josie Park Broadcasting Inc. Kelly F. Jones signed off on the FCC application.
Buying the station is WIYC Inc. Neal Ardman is the sole principle.
The price will be a heavily back-loaded $650K. Ardman will put $100K into escrow, and the remainder will be paid over time via a promissory note.
Ardman has an interest in WKBX-FM Kingsland GA, licensed to Radio Kings Bay Inc. and serving the coastal area between Brunswick GA to its north and Jacksonville FL to its south. Another interest for Ardman is WPAN-DT Fort Walton Beach FL, which he operates via an LMA. There are no local ownership concerns in either case.
On 1/9/09, Southern Venture Capital signed an agreement to run the station in an LMA and eventually by it for $3M. The application for the transfer was filed with the FCC but was eventually dismissed.
