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720 Shiremanstown and 1580 Columbia sold at auction

I saw that 720 and 1580 were both sold at auction on Monday. Can anyone expound the details? How about you BL40Modulimiter?
 
Don't know anything about 1580, wasn't aware of that one. 720 was simply financial restructuring, format/management all remain in place. It looked like more in print than it actually was.
 
From Tom Taylor's Newsletter 9/1:

Two central Pennsylvania AMs were sold at auction on Monday, with one of them immediately up for sale again. The auction was conducted by creditor WP Media Lending and it ended up as the buyer of both properties. It’s keeping one – 2-kw daytimer WWII at 720, Shiremanstown. And media broker Ray Rosenblum says it’s putting the other one up for sale. That’s WVZN, Columbia, PA at 1580, with 500 watts daytime and just 5 watts at night. It’s currently silent and was licensed to Esfuerzo de Union Cristiana. WWII (720) is on the air doing religious programming for new owner WP Media Lending. It was licensed to the local Hensley Broadcasting.
 
Hey, all you programming wonders on this board: Here is your chance to pick up an AM station pretty cheap in Columbia and show how expertly you can make your format ideas work! From what has been written on many of these threads, it should not matter if it is a low power AM station. You think you can make it work. :)
 
I don't believed the 1580 Columbia sale includes a transmitter site that is not an STA (only the license?). Real estate problems/non payment of land lease fee shut down the WVZN site. A beautiful home with a very nice view of the river was built on the former Washington Boro property a few years back. One of those cases where the land was worth more than the radio station. The former station owner, an Hispanic minister, operated using an STA and some sort of long wire antenna out the window of his home/electrical business on Lancaster Ave. several miles East of Columbia Boro. Station always seemed to have signal problems after it signed back on in 1984 as WHEX (again) when the frequency was awarded to Columbia Broadcasting Company. after a lengthy and costly fight. :-\
 
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