Educational Media Foundation (EMF) of Rocklin, CA, closed on its purchase of WJIW-FM in Greenville, MS from Mondy-Burke Broadcasting, also in Greenville. The price for the radio portion of the transaction was $500,000 cash, which includes the 650-ft. tower for the C2 Class FM.
EMF operates with a waiver of the main studio rule, and did not need to purchase the office/studio building (also owned by Mondy-Burke). Arkansas real estate company Sunland Rentals paid $150,000 for those, according to Bill Cate of Media Services Group, who brokered the deal. Larry Fuss-owned Delta Radio Group occupies most of the studio building space and will remain the sole building tenant.
December 19, 2017
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