The majority partner in a Vevay IN FM station is selling his stake to his partner, resulting is a sole ownership situation. The station is located across the state line from Cincinnati.
The station is WKID-FM Vevay IN.
Technically, what is being sold is 66.66% of the stock of Dial Broadcasting Inc.
The seller is Richard McLeod (66.66% to 0%).
The buyer is Adam Griffin (33.33% to 100%).
The price is $105,000, completely payable under terms of a promissory note. It will consist of 84 monthly payments of $1,250, and does not include any balloon payments.
WKID-FM is a Class A on 95.9 MHz with 2.8 kW @ 308’. The station serves unrated territory to the southwest of Cincinnati. Its outermost fringe contour reaches parts but not all of the Cincinnati urbanized area.
