Unusual item included in sale of Monroe AM


SoldJim Wootton’s WOO2 Communications has a deal to acquire KLIC-AM Richwood LA, a station serving the Monroe LA market. And along with the usual items included in such a sale, he’ll be picking up an FCC compliance plan.

The seller is Media Ministries Inc., headed by Woods Watson. And the compliance plan is the result of a consent decree with the FCC struck to resolve problems with the station’s public file. In addition to coming up with the plan to assure future adherence to FCC rules and regulations, which WOO2 will have to honor, MMI made a voluntary contribution of $7.5K to the US Treasury.

The price for the station is a modest $25K cash. An LMA began 12/17/12 pending closing and carrying no rental fees.

The station is a Class A on 1230 kHz with 1 kW-U ND and a primary contour that forms a nice circle around the city of Monroe.

While the buyer is getting the compliance plan, it is not getting any items that the seller also uses to conduct the business of KBMQ-FM, a non-commercial religious formatted station licensed to Monroe.
KLIC is licensed for commercial operation.