It’s a 120-watt FM translator that puts a signal over Daytona Beach and adjacent Ormond Beach at 104.7 MHz, and is fed by a 1kw Class C AM covering the same portion of the Central Florida market.
With the FCC’s OK, these facilities branded as “The Rock of Daytona” will be sold to Alex Duvall.
WROD-AM 1340 in Daytona Beach and W284AV in Daytona Beach are being sold to his Duvall Media Group by Miracle Media Group.
Serving as the exclusive broker in this transaction is Hadden & Associates.
The Classic Rocker, which competes against top-ranked Southern Stone Communications’ WHOG-FM in Daytona Beach and iHeartMedia’s WJRR-FM in nearby Orlando, is being sold for $350,000.
Programming includes the syndicated House of Hair hosted by Twisted Sister frontman Dee Snider.
A $25,000 escrow deposit has been made, with a $160,000 cash payment due at closing. The remaining balance of $165,000 will paid with a $50,000 check due on the first anniversary date of closing, and a second $50,000 payment on the second anniversary of the closing date. A final $65,000 payment will be due on the third anniversary of the closing date. The Promissory Note carries a 3% interest rate.
The transaction includes an assumed contract for the WROD tower and property lease with Philip A LeBlanc and Brenda A LeBlanc of P&B Realty.
Serving as the legal counsel for Miracle, led by Patricia Miracle, is Lee Petro of Pillsbury Law; the legal counsel for Duvall is Frank Montero of Fletcher Heald & Hildreth.
