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A little help with this one please...

K

knoxbob

I read this on R&R today;

WIHG-FM/Rockwood (Knoxville)

PRICE: Undisclosed

TERMS: Transfer to related company

BUYER: Commsouth Media, headed by Partner Kirk Tollett. Phone: 931-484-1057

It owns no other stations. This represents its entry into this market.

SELLER: Southern Media Group Inc, headed by President Kirk Tollett. Phone: 931-484-1057

FREQUENCY: 105.7 MHz

POWER: 490 watts at 1,132 feet

FORMAT: classic rock

COMMENT: Southern Media Group's WIHG-FM/Rockwood, Tenn., to Commsouth Media Associates for forgiveness of certain monies advanced to Southern Media Group over the past five years. Both companies are owned by the same stockholders/partners.

It looks like they borrowed from Peter to pay off Paul.
 
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