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WTRP LaGrange sold

L

LaGrangeRadio

http://www.radioandrecords.com/NewsRoom/2006_06_14/Transactions.asp

Alabama
WELL-FM/Dadeville
PRICE: Undisclosed
TERMS: Partial consideration for sale
BUYER: James Jarrell Communications and Foundation, headed by President Jimmy Jarrell. Phone: 334-821-0744. It owns no other stations. This represents its entry into the market.
SELLER: Tiger Communications, headed by President Thomas Hayley. Phone: 334-821-8624
FREQUENCY: 88.7 MHz
POWER: 100kw at 305 feet
FORMAT: Gospel
COMMENT: Tiger Communications Educational Foundation is assigning WELL-FM to James Jarrell Communications and Foundation as part of the consideration for the assignment of Casey Network's WTRP-AM/La Grange & WRLA-AM/West Point, GA to Tiger Communications (see deal below).

Georgia
WTRP-AM/La Grange and WRLA-AM/West Point
PRICE: $279,000
TERMS: Cash and WELL-FM/Dadeville, AL (see above deal)
BUYER: Tiger Communications, headed by President Thomas Hayley. Phone: 334-821-8624. It owns five other stations. This represents its entry into the market.
SELLER: Casey Network, headed by President/CEO Jimmy Jarrell. Phone: 334-821-0744
FREQUENCY: 620 kHz; 1490 kHz
POWER: 3kw day/127 watts night; 1kw
FORMAT: Oldies; Talk
COMMENT: A $10,000 earnest money deposit, plus $190,000 cash at closing and a $79,000 cash payment one year after closing is included in the terms of this deal.
 
LaGrangeRadio said:
http://www.radioandrecords.com/NewsRoom/2006_06_14/Transactions.asp

Alabama
WELL-FM/Dadeville
PRICE: Undisclosed
TERMS: Partial consideration for sale
BUYER: James Jarrell Communications and Foundation, headed by President Jimmy Jarrell. Phone: 334-821-0744. It owns no other stations. This represents its entry into the market.
SELLER: Tiger Communications, headed by President Thomas Hayley. Phone: 334-821-8624
FREQUENCY: 88.7 MHz
POWER: 100kw at 305 feet
FORMAT: Gospel
COMMENT: Tiger Communications Educational Foundation is assigning WELL-FM to James Jarrell Communications and Foundation as part of the consideration for the assignment of Casey Network's WTRP-AM/La Grange & WRLA-AM/West Point, GA to Tiger Communications (see deal below).

Georgia
WTRP-AM/La Grange and WRLA-AM/West Point
PRICE: $279,000
TERMS: Cash and WELL-FM/Dadeville, AL (see above deal)
BUYER: Tiger Communications, headed by President Thomas Hayley. Phone: 334-821-8624. It owns five other stations. This represents its entry into the market.
SELLER: Casey Network, headed by President/CEO Jimmy Jarrell. Phone: 334-821-0744
FREQUENCY: 620 kHz; 1490 kHz
POWER: 3kw day/127 watts night; 1kw
FORMAT: Oldies; Talk
COMMENT: A $10,000 earnest money deposit, plus $190,000 cash at closing and a $79,000 cash payment one year after closing is included in the terms of this deal.
Click to expand...

Well, things are certainly bound to get interesting with the sale of both stations. Hopefully, both stations will keep their local programming on the air once the sale is completed.
 
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