Re: Central & Eastern Oregon Radio Happenings

#1138
Craig_Adams
Participant

This from All Access:


Oregon Pair Sold


OREGON TRAIL RADIO, INC. and KSRV, LLC are selling Country KCMB/BAKER, OR and FM translator K229BN/LA GRANDE, OR to KCMB, LLC, headed by RANDOLPH MCCONE, for $1.25 million ($90,000 down, $1.16 million in a promissory note at 2 1/2% interest in 36 $5,000 payments, then 36 $6,250 payments, and 108 months of $7,500 payments culminating in a balloon payment for the remainder of the principal plus interest and penalties in the 181st month).

The parties are also involved in a separate transaction in which the seller’s KSRV, INC. is selling AC KWRL (99.9 THE RIVER) and K258BM/LA GRANDE to the buyer’s KWRL, LLC for $750,000 ($60,000 down, a promissory note for $690,000 in 36 $3,000 payments, 36 $3,750 payments, 108 $4,500 payments, and a balloon payment in the 181st month).