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23M for 103.9?

N

nomae

23M KXCL-FM Sacramento (Yuba City CA) from First Broadcasting Sacramento Licensing LLC (Ron Unkefer et al) to Bustos Media of California License LLC (Amador Bustos). $1.2M escrow, balance in cash at closing. Includes non-compete. Duopoly with KTTA-FM. Seller retains KBDB-FM.
 
> 23M KXCL-FM Sacramento (Yuba City CA) from First
> Broadcasting Sacramento Licensing LLC (Ron Unkefer et al) to
> Bustos Media of California License LLC (Amador Bustos).
> $1.2M escrow, balance in cash at closing. Includes
> non-compete. Duopoly with KTTA-FM. Seller retains KBDB-FM.
>

That's for KXCL, 103.9 LINCOLN, the new community of license for the now Class A station with transmitter site in Newcastle, overlooking the bend in I-80 at the Newcastle exit.

First gets out of a station it paid around $8 million for and then spent some additonal money completing the COL change, format launch with lots of TV.

One wonders whether First came out ahead in the end. Yuba City sure didn't.

Ted.
 
> > 23M KXCL-FM Sacramento (Yuba City CA) from First
> > Broadcasting Sacramento Licensing LLC (Ron Unkefer et al)
> to
> > Bustos Media of California License LLC (Amador Bustos).
> > $1.2M escrow, balance in cash at closing. Includes
> > non-compete. Duopoly with KTTA-FM. Seller retains KBDB-FM.
>
> >
>
> That's for KXCL, 103.9 LINCOLN, the new community of license
> for the now Class A station with transmitter site in
> Newcastle, overlooking the bend in I-80 at the Newcastle
> exit.
>
> First gets out of a station it paid around $8 million for
> and then spent some additonal money completing the COL
> change, format launch with lots of TV.
>
> One wonders whether First came out ahead in the end. Yuba
> City sure didn't.

> Ted.
>
First did what it set out to do: buy it, move it, build it, sell it. Probably did not get all they thought they could, but that's what happens when you're not making a profit.

Yuba-Sutter area did get screwed. At least KUBA and the Huth stations are doing a decent job of community service up that way.
 
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