In December 2022, RBR+TVBR readers first learned of the desire of a radio station licensee to retire at year’s end. A local buyer was sought, so the stations wouldn’t be shut down with their respective licenses surrendered to the FCC.
Eleven months later, paperwork has been filed for regulatory approval with the Commission signaling Janet Brown has found a buyer for the assets of Lake Powell Communications.
KPGE-AM 1340 and K252FG at 98.3 MHz, which air a Country format, and KXAZ-FM 93.3 in Page, Ariz., along with K261BX at 100.1 MHz, are being sold to Vance Barbee‘s Southwest Broadcasting.
A $150,000 purchase price has been agreed to, with a $10,000 deposit made by the buyer. A total of $50,000 will then be delivered at closing, at which time a $90,000 Promissory Note will be initiated.
An LMA agreement has been executed that will allow Barbee to begin operating the stations ahead of closing.
Barbee holds attributable interest in Estrella Broadcasting, which in May agreed to sell the rights to a future Arizona FM. He is also the equity interest holder in New Star Broadcasting, which in August 2020 agreed to acquire two FMs serving Show Low, Ariz.
