A trio of executors representing two license companies and four stations have found a buyer. The buyer already has a pair of stations in the area, and the result will be a 3-AM 3-FM cluster.
The stations are in unrated territory in the south central portion of the state.
The nearest rated territory is Huntsville AL, located further south.
The stations include WDXE-FM Lotetto TN and WKSR-AM Pulaski TN, licensed to Pulaski Broadcasting; and WDXE-AM/WKSR-FM Lawrenceville TN, licensed to Lakewood Communications.
The buyer already owns WWLX-AM/WLLX-FM Lawrenceburg TN.
The sellers are Geraldine V. Lake, Steven C. Lake, David C. Lake, Executors for the license companies.
The buyer is Radio 7 Media LLC, headed by Managing Member Roger Wright with a 70% interest. Janet Wright, Kevin Wright and Charlotte Stremler each hold a 10% interest.
The price is $1,335,000. The buyer has put down a deposit of $325,000, will pay $175,000 in cash at closing, strike a five-year promissory note worth $700,000 and make a final payment of $135,000 on the 61st month after closing.
$785,000 is allocated to the Lakewood stations (WDXE-AM/WKSR-FM) and $550,000 is allocated to the Pulaski stations (WKSR-AM/WDXE-FM).
Radio 7 has been running WDXE-FM under an LMA since 4/13/15 for a monthly rental fee of $2,000.
Here are the specs for Radio 7’s incoming stations:
* WDXE-FM is a Class C3 on 98.3 MHz with 18 kW @ 377’.
* WKSR-AM is a Class B on 1420 kHz with 1 kW-D, 950W-N, ND.
* WKSR-FM is a Class A on 106.7 MHz with 6 kW @ 292’.
* WDXE-AM is a Class D on 1370 kHz with 1 kW-D, 44 W-M, ND.
And here are specs on its already-owned stations:
* WWLX-AM is a Class D on 590 kHz with 600 W-D, 133 W-N, ND
* WLLX-FM is a Class C2 on 97.5 MHz with 42 kW @ 528’.
