Not Suprised, it's been a train wreck for awhile....
from northpine.com
KDMU/106.9 (Bloomfield) has reverted to its former KOJY callsign and is going back to its previous ownership. Horizon Broadcasting had sold the station to Bloomfield Broadcasting, a sister company to the licensee of KMEM/100.5 (Memphis, MO), in 2006 for $450,000. Now, Bloomfield will return the station to Horizon in exchange for cancellation of its debt. 106.9 had carried a Southern Gospel format prior to 2006, when it flipped to Classic Hits. It changed to Oldies earlier this year. Horizon is owned by Douglas Smiley of Pella (90%), Eileen Smiley of Pella (5%), and Stephen Smiley of Van Meter (5%). The three also run American Radio Missions Foundation, which is the permitee of non-commercial KRNF/89.7 (Montezuma). (7/27/2009)