If you couldn't afford $3 million for 101.1, you could have had this one. Seems like a good price, although when your company name is a website and said website redirects to an ebay listing, I can't imagine the local full-service format will stay around. Hope I'm wrong.
But just think what this station will be worth in 2030!
Arizona
KBSZ-AM/Wickenburg (Phoenix)
PRICE: $500,000
TERMS: Asset sale for cash
BUYER: 1TV.Com Inc, headed by president John Low. Phone: 650-856-6622. It owns no other stations. This represents its entry into this market.
SELLER: Peterson, Richard and Joann, headed by joint owner Richard Peterson. Phone: 928-668-1250
FREQUENCY: 1250 kHz
POWER: 350 watts day/100 watts night
FORMAT: Country
COMMENT: Richard A. & Joann R. Peterson's KBSZ-AM/Wickenburg, AZ to 1TV.Com for $500K. $10K escrow deposit plus $115K cash at closing plus $375K promissory note.
But just think what this station will be worth in 2030!
Arizona
KBSZ-AM/Wickenburg (Phoenix)
PRICE: $500,000
TERMS: Asset sale for cash
BUYER: 1TV.Com Inc, headed by president John Low. Phone: 650-856-6622. It owns no other stations. This represents its entry into this market.
SELLER: Peterson, Richard and Joann, headed by joint owner Richard Peterson. Phone: 928-668-1250
FREQUENCY: 1250 kHz
POWER: 350 watts day/100 watts night
FORMAT: Country
COMMENT: Richard A. & Joann R. Peterson's KBSZ-AM/Wickenburg, AZ to 1TV.Com for $500K. $10K escrow deposit plus $115K cash at closing plus $375K promissory note.