Believe it or not, Lee is still kickin! I know before he bought WAMG, in the early 60's, Lee was at WHIN, along with Charlie Brewer, Hoyt Carter (now GM of WNAH), along with Ms. Lottie Shaw the bookkeeper, and Tommy Perkins was Part Owner of the station. Some of this was before I was born (I'm only 42). These days Lee is preaching in different churches in town as a guest speaker. I still see him from time to time.
Lee Rains, along with Al Bennett, purchased WAMG in the early 70's. They moved the WAMG studios from behind the square in Gallatin in the Enlow Center to the transmitter site property. In the mid 80's, they sold the station to Mike Hight, Jack Bell, and another partner in Knoxville. In 1991, they sold the station to Ernie Ashworth. Ernie didn't know, but the IRS had a lean against it. Erine was forced to take it dark.
I bought the WAMG studio building, tower site and equipment for $40,000 from the IRS in 1991. Ernie was forced to find another tower site for WAMG. WAMG went back on in 1995 as WYXE at a new tower site. WYXE is now hispanic and owned by a hispanic church. The WYXE studios are at the corner of Gallatin Rd and Trinity Ln in East Nashville. The transmitter and tower site remains in Gallatin. ISDN Lines are used to get the signal from the studio in East Nashville to the transmitter site in Gallatin.
As far as the old WAMG property, I obtained the license of the old 1560 WWGM from Faye Lindsay in 1992, who lost her tower site to the IRS. I filed to move WWGM from Nashville to Gallatin, change antenna pattern from directional to non-directional at 1 KW. I changed the calls from WWGM to WMRO. The day I change the calls, Grace Broadcasting over near Jackson was dying to get those WWGM call letters for thier FM facility over there, and they got them. I didn't want them. There is another story of how I got the calls WMRO, but that's another show. WMRO (was WWGM) signed back on Feburay 19th, 1994 at the former WAMG site in Gallatin, where it still is today. I put up a new tower in 1999, at 1/4 wave, to match the 1560 frequency.
Someone asked me about all the old WAMG equipment. It's all gone, and I have replaced everything with newer digital gear.
I hope this clears things up.