$425,000 dollars will be spent to send a one-AM two-FM radio combo to a pair of Coynes – Sheryl and Gerald Coyne, to be exact, the owners of Blarney Stone Broadcasting.
The stations are WGRY AM-FM in Grayling MI and WQON-FM Roscommon MI. They are located on the upper central section of Michigan’s lower peninsula, in unrated territory to the east of Traverse City.
The seller is William S. Gannon’s Gannon Broadcasting System Inc.
The price will be paid in cash – and $50K of it is already on deposit in escrow.
Country WGRY-FM is the heavy-lifter of the trio – its signal fully encompasses those of the other two stations. It’s a Class C1 on 100.3 MHz with 60 kW @ 430’.
WGRY-AM plays Standards on a Class C 1230 kHz facility with 750 W-U, ND.
AC WQON-FM is a Class A station on 101.1 MHz with 3.4 kW @ 443’.
