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WXCT SOLD

R

rapsux104

Guest
FROM RADIOANDRECORDS.COM

Connecticut
WXCT-AM/Southington (Hartford-New Britain-Middletown)
PRICE: $810,000
TERMS: Asset sale for cash
BUYER: Golden Door Broadcasting, LLC., headed by President Peter Davidson. Phone: 212-813-6775. It owns 11 other stations. This represents its entry into this market.
SELLER: Davidson Media Group, LLC., headed by President Peter Davidson. Phone: 212-813-6775
FREQUENCY: 990 kHz
POWER: 3kw day/80 watts night
FORMAT: Spanish/religion
COMMENT: Davidson Media Station WXCT Licensee's WXCT-AM/Southington, Conn., to Golden Door Broadcasting for $810,000. There is a total of 12 stations being sold from Davidson Media to Golden Door Broadcasting for a total purchase price of $10.024 million, minus the amount of excess payables for all the assets, payable in cash at closing.

GO AHEAD MARC B CANT WAIT TO HEAR YOUR COMMENTS ON THIS!
 
While we await MarcB's address to the nation about this, methinks this is more of a spinoff to another division of Davidson than a sale. Still has to be approved by the FCC.
 
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