Here’s another great example of how radio station owners, like homeowners, can flip a property for a nice sum.
In January, Maine-based Pine Tree Broadcasting acquired a pair of Class C AMs and a translator for $90,000.
Now, Pine Tree is selling the duo, along with a third AM in the market, for nearly double that amount.
The buyer happens to be a newly restructured Northern New England broadcaster that just took control of an AM-FM combo.
In other TRANSACTIONS TODAY: The Twin Cities’ “Wee Gee” swaps a translator with a godly operator.
