A Class C3 FM serving an area east of the Springfield, Mo., area — and the town where a fallen tower claimed the life of Steve LeMay — is trading hands.
The buyer is a foundation known for its 2014 creation of the Pulse Channel, described as a format aimed at teens and young adults who are looking “for music they like without all of the negative social messages” found in mainstream pop hits.
For a purchase price of $80,000, KTRI-FM 95.9 in Mansfield, Mo., is being sold by Thirteen Forty Productions, a Missouri corporation, to the Lake Area Educational Broadcasting Foundation.
KTRI is currently silent under an STA with the FCC, and when it signs back on the air will feature Christian-themed programming — a specialty of the foundation. In addition to the Pulse Channel, LAEBF is home to “Spirit FM.”
KTRI will join 14 other FMs in Missouri that LAEBF owns and operates, in addition to 7 FM translators.
A $15,000 escrow deposit has been made to the seller.
Ahead of closing, an LMA agreement went into effect on April 8 which will bring KTRI back on the air as soon as possible. LMA payments of $500 per month will be applied to the purchase price.
KTRI will be converted to noncommercial status.
