July 19, 2007
Source www.radioandrecords.comRRWebSite
Transactions At A Glance
Bonneville Holding Company's WPRS-FM/Waldorf, MD to Radio One Licenses for $38 million, payable in cash at closing. $3 million escrow deposit … Magic Broadcasting's KWIE Licensing's KWIE-FM/San Jacinto, CA to Liberman Broadcasting for $25 million.
California
KWIE-FM/San Jacinto (Riverside-San Bernardino)
PRICE: $25 million
TERMS: Asset sale
BUYER: Liberman Broadcasting, Inc., headed by Exec VP Lenard Liberman. Phone: 818-729-5300. It owns 21 other stations. This represents its entry into this market.
SELLER: Magic Broadcasting, headed by Chairman/CEO Donald McCoy. Phone: 850-230-5855
FREQUENCY: 96.1 MHz
POWER: 1kw at 686 feet
FORMAT: CHR/Rhythmic
COMMENT: Magic Broadcasting's KWIE Licensing's KWIE-FM/San Jacinto, CA to Liberman Broadcasting for $25 million.
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